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Mylan Laboratories (MYL -0.9%) has the opportunity to "create" earnings if a shortfall exists...
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Friday, March 16, 2012, 1:40 PM ETMylan Laboratories (MYL -0.9%) has the opportunity to "create" earnings if a shortfall exists after it bought intellectual knowledge from Pfizer, according to forensic accounting expert Howard Schilit. The key is a $348M contingent consideration liability the company carries for possible milestone payments, royalties, and profit sharing on the deal that can be legally adjusted in any given quarter to reduce expenses for the period.
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