2 unchanged sentences
We are not a party to any pending legal proceeding other than ordinary, routine litigation incidental to our business.
−Removed: In April 2024, a trial involving a product liability claim against us resulted in a jury verdict of approximately $3,000,000 in damages.
−Removed: We, along with our attorneys, believe that we will be successful in reversing this verdict and that payment of the damages is not probable.
−Removed: As such we have not accrued for these damages at March 31, 2025.
−Removed: In addition, we do not believe that any of our current pending litigation will have a material impact on our business.
+Added: In April 2024, a trial involving a product liability claim against the Company resulted in a jury verdict demanding the Company to pay approximately $3,000,000 in damages.
+Added: The Company appealed the jury verdict and won the appeal in April 2026 remanding to the circuit court with direction to dismiss the complaint against the Company.
+Added: Payment of damages was not considered probable and was not accrued as a liability in the Consolidated Balance Sheet at March 31, 2026 and 2025.
We maintain comprehensive general product liability insurance against risks arising out of the use of our products sold to customers through our wholly owned New York State captive insurance subsidiary of which we are the sole policy holder.
10 unchanged sentences
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.