LEGAL PROCEEDINGS
−Removed: may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to our business.
−Removed: These matters may include product liability, intellectual property, employment, personal injury cause by our employees, and other general
−Removed: Aside from the following, we are not presently a party to any legal proceedings that, in the opinion of our management, are likely
−Removed: to have a material adverse effect on our business.
−Removed: Regardless of outcome, litigation can have an adverse impact on us because of defense
−Removed: and settlement costs, diversion of management resources and other factors.
−Removed: Legal Proceeding(s).
Bannor Michael MacGregor, Jeffery Katz, and Life Design Station International, Inc.
1 unchanged sentence
of Kings, Index No.:
−Removed: action instituted by Randall Sprung against the Defendants on March 4, 2019, to recover monies he alleges are owed by Defendants (Counter-Plaintiffs)
−Removed: pursuant to written agreements to purchase shares and to provide consulting services between the parties.
−Removed: Defendants Bannor Michael MacGregor
−Removed: and Life Design Station International, Inc.
−Removed: (“LDSI”) (Counter-Plaintiffs) have filed counterclaims to recover damages they
−Removed: have incurred as a direct result of Sprung’s failure to properly perform his obligations and duties under the written agreement
+Added: This action was instituted by Randall Sprung against the Defendants on March 4, 2019, to recover monies
+Added: he alleges are owed by Defendants (Counter-Plaintiffs) pursuant to written agreements to purchase stock and to provide consulting services
between the parties.
−Removed: February 2022, Plaintiff Sprung passed away.
−Removed: On May 25, 2023, the Court entered an Order substituting David Sprung, as Administrator
−Removed: of the Estate of Randall S.
−Removed: Sprung, for Randall S.
−Removed: Sprung as Defendant in the action.
−Removed: the case was filed in March 2019, due to the COVID-19 pandemic and the death of the Plaintiff, it is still in the preliminary stages.
−Removed: The Defendants will continue to pursue their counterclaims and to defend against Plaintiff’s claims vigorously.
+Added: Defendants Bannor Michael MacGregor and Life Design Station International, Inc.
+Added: (“LDSI”) (Counter-Plaintiffs)
+Added: have filed counterclaims to recover damages they have incurred as a direct result of Sprung’s failure to properly perform his obligations
+Added: and duties under the written agreement between the parties.
+Added: The parties have reached an agreement as to all material terms of a settlement
+Added: of this lawsuit with the parties agreeing to file a stipulation of discontinuance with prejudice of all claims and counterclaims brought
+Added: in the action.
+Added: The settlement documents and stipulation of discontinuance are being circulated for execution.
MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.