What changed 10-K

Item 3. Legal Proceedings

2023-03-29 compared with 2022-03-23 · 13 added, 2 removed, 55 unchanged (21% of the section changed)

17 unchanged sentences

covered by insurance, and for recoupment of the monies already paid.

The case has been set for trial in July, 2022.

On June 7, 2022, the court filed a Stipulation and Order for Entry

of Judgment in the amount of $1,359,063.72 in favor of Liberty (the “Judgment”) following summary judgment granted by the

court to Liberty on all but one of the matters at issue in the case.

The Company filed an appeal in July 2022.

Pending the outcome of

the appeal, the Company paid $1.6 million into the registry of the court which stayed execution of the Judgment.

The United States Court of Appeals for the Third Circuit (the “Third Circuit”) held oral argument on

the appeal on March 8, 2023.

As of the date of this Report, the Third Circuit has not issued a ruling on the appeal.

November 2017, Lee Pederson, a former Biozone lawyer, filed a lawsuit in the U.S.

29 unchanged sentences

Thereafter, on or about January 11, 2022 Pederson sought via

petition, re-hearing en banc by the Eighth Circuit, which petition remains pending.

petition, re-hearing en banc by the Eighth Circuit.

On October 3, 2022, the U.S.

Supreme Court

denied Pederson’s petition for a writ of certiorari.

the Company intends to defend itself vigorously from the claims in the aforementioned disputes, it is unable to predict the outcome of

5 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.