As at December 31, 2010, the Company is currently a party to litigation relating to claims the Company commenced in January 2010 against the predecessor owners of the Teixeira brand name, for breach of non-compete terms of the purchase agreement and for theft of company property and records. The other party has counter claimed against Global Milk and has received an injunction preventing the use of the brand names acquired by Global Milk. The outcome of this litigation is uncertain and expected to take considerable time to resolve, as the courts in Brazil move slowly.
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