Legal Proceedings
−Removed: From time to time, we may become involved in various lawsuits and legal
−Removed: proceedings that arise in the ordinary course of business.
−Removed: Neither we nor any of our subsidiaries currently is a party to any legal proceeding
−Removed: that, individually or in the aggregate, is material to our company as a whole.
+Added: From time to time, the Company may be involved in various disputes and litigation matters that arise in the ordinary course of business.
+Added: Atlantic is currently not a party to any material legal proceedings, except as follows.
+Added: Michael Smith v.
+Added: Infinity Staffing Solutions, LLC, et.
+Added: al., Case No.
+Added: On February 2, 2018, Michael Smith on his own behalf and on behalf of a putative class of allegedly similarly situated individuals, filed a complaint against various defendants in the Superior Court of California, Los Angeles County, that was subsequently amended to add Lyneer as a defendant on April 28, 2022.
+Added: The complaint alleges wage and hour claims, and inaccurate wage statement claims on behalf of the class and plaintiff.
+Added: The parties have agreed to a $300,000 settlement which is pending court approval.
+Added: Rosanna Vargas v.
+Added: DHL Express (USA), Inc.
+Added: al., Case No.
+Added: On October 30, 2019, Rosanna Vargas filed a complaint in the Superior Court of New Jersey at Camden County against Lyneer and various defendants, including Lyneer’s client, alleging severe personal injury sustained at work.
+Added: The case is now closed as to all parties.
+Added: As a result of the matter, Lyneer’s client sought indemnification from Lyneer pursuant to an indemnification demand issued to Lyneer on June 10, 2022.
+Added: Accordingly, Lyneer agreed to pay approximately $1,030,000 over 36 months, beginning in July 2023, to settle the claim.
+Added: Enrique Briseno , et al.
+Added: Three Hands Corporation, et al., Case No.
+Added: 21STCV00443, Superior Court of the State of California for the County of Los Angeles
+Added: On January 6, 2021, a class action wage and hour complaint was filed in the Superior Court of California, Los Angeles County, by Enrique Briseno as class representative.
+Added: The Complaint was filed only against the Company’s client.
+Added: The matter settled for $425,000, $300,000 of which is to be paid by the Company, and the remaining $125,000 is to be paid by the client.
+Added: The settlement agreement was signed on December 17, 2024 and has been finalized and executed and provided to the Court for approval , and the Company is currently awaiting such approval.
+Added: If approved, it is anticipated that the settlement payment will be due in the second quarter of 2025.
+Added: The Company has accrued the full amount of the $300,000 settlement payment due, which is recognized in “accrued expenses and other current liabilities” on the accompanying consolidated balance sheets.
+Added: Aguilar, et al v Lyneer Staffing Solutions, et al Docket No.
+Added: MID-L-3595-21 (Middlesex County Superior Court NJ)
+Added: On June 16, 2021, a complaint was filed in the Superior Court of New Jersey Law Division, Middlesex County.
+Added: The complaint alleges a former minor employee (who obtained employment by providing false information) was injured on October 15, 2020, at the Co-Defendant’s worksite.
+Added: A settlement conference was held on August 28, 2024, but was unsuccessful.
+Added: The Company’s liability insurance carrier and the Company's worker's compensation insurance carrier and the liability insurance carrier for the client held a settlement conference for March 11, 2025, but was unsuccessful and the mater is now listed for trial on April 28, 2025.
+Added: The Company believes it has issues for appeal, but believes it is probable to receive an unfavorable outcome.
+Added: The Company believes that the insurance carriers will contribute a significant amount, if not all, of the potential settlement.
+Added: The Company has accrued $291,667 towards the potential settlement, which is recognized in “accrued expenses and other current liabilities” on the accompanying consolidated balance sheets.
+Added: Maria Reyes vs.
+Added: Liquid Graphics, Inc., Lyneer Staffing Solutions, LLC, Liz Long, et.
+Added: al, Case No 30-2021-01225386-CU-WT-CJC, Superior Court for the State of California, County of Orange
+Added: On October 8, 2021, a class action wage and hour complaint was filed in the Superior Court of California, Orange County, by Maria Reyes and Teresa Alvarez as class representatives.
+Added: The Complaint was filed against the Company as well as the Company’s client.
+Added: The matter settled for $750,000, $650,000 of which is to be paid by the Company, and the remaining $100,000 is to be paid by the client.
+Added: The settlement agreement was signed on November 16, 2023 and has been finalized and executed and provided to the Court for approval, and the Company is currently awaiting such approval.
+Added: If approved, it is anticipated that the settlement payment will be due in the first or second quarter of 2025.
+Added: The Company has accrued the full amount of the $650,000 settlement payment due, which is recognized in “accrued expenses and other current liabilities” on the accompanying consolidated balance sheets.
Mine Safety Disclosures
1 unchanged sentence
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.