From the SEC's website (www.sec.gov), access any company's 10-K from 2016 and review its footnote disclosures related to pending litigation.

Share the following:

1. Briefly summarize the nature of pending litigation facing the company you selected.
2. From the auditors' perspective, what is the primary concern with respect to the disclosure of pending litigation?
3. From a shareholder's perspective, what is the primary concern with respect to the disclosure of pending litigation?