Litigation and Other Legal Matters
|12 Months Ended|
Jun. 30, 2017
|Loss Contingency, Information about Litigation Matters [Abstract]|
|LITIGATION AND OTHER LEGAL MATTERS||
NOTE 14 — LITIGATION AND OTHER LEGAL MATTERS
Litigation Related to Terminated Merger with Lam Research.
In connection with the previously announced Merger transaction with Lam Research, four purported KLA-Tencor stockholders filed putative class actions on behalf of all KLA-Tencor stockholders. In January 2017, all four actions were dismissed with prejudice.
Other Legal Matters.
The Company is named from time to time as a party to lawsuits and other types of legal proceedings and claims in the normal course of its business. Actions filed against the Company include commercial, intellectual property, customer, and labor and employment related claims, including complaints of alleged wrongful termination and potential class action lawsuits regarding alleged violations of federal and state wage and hour and other laws. In general, legal proceedings and claims, regardless of their merit, and associated internal investigations (especially those relating to intellectual property or confidential information disputes) are often expensive to prosecute, defend or conduct and may divert management’s attention and other company resources. Moreover, the results of legal proceedings are difficult to predict, and the costs incurred in litigation can be substantial, regardless of outcome. The Company believes the amounts provided in its consolidated financial statements are adequate in light of the probable and estimated liabilities. However, because such matters are subject to many uncertainties, the ultimate outcomes are not predictable, and there can be no assurances that the actual amounts required to satisfy alleged liabilities from the matters described above will not exceed the amounts reflected in the Company’s consolidated financial statements or will not have a material adverse effect on its results of operations, financial condition or cash flows.
The entire disclosure for legal proceedings, legal contingencies, litigation, regulatory and environmental matters and other contingencies.
Reference 1: http://www.xbrl.org/2003/role/presentationRef