Friday, February 09, 2024 12:56:47 AM
B. Describe briefly any material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which the issuer or any of its subsidiaries is a party or of which any of their property is the subject. Include the name of the court or agency in which the proceedings are pending, the date instituted, the principal parties thereto, a description of the factual basis alleged to underlie the proceeding, and the relief sought. Include similar information as to any such proceedings known to be contemplated by governmental authorities.
On February 23, 2021, our Chief Executive Officer and we were served with a Complaint in the Superior Court for Sacramento, California, alleging negligence and premises liability by over 100 persons and entities. The complaint has no merit, and we intend to defend the matter vigorously.
Apart from the above, we are not a party to any legal proceedings. We may occasionally become involved in various lawsuits and legal proceedings arising in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are unaware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition, or operating results.
IGPK
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