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Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, including civil penalties or other enforcement actions, we do not believe that any currently pending legal proceeding or proceedings to which we are a party will have a material adverse effect on our business, financial condition or results of operations.
−Removed: We are reporting the following proceedings to comply with SEC regulations which require disclosure of proceedings arising under federal, state or local provisions regulating the discharge of materials into the environment or protecting the environment, if we reasonably believe that such proceedings may result in monetary sanctions of $0.1 million or more.
−Removed: On July 13, 2018, the DOJ and the State of Arkansas filed a civil action against two of Delek Logistics’ wholly-owned subsidiaries, Delek Logistics Operating LLC and SALA Gathering Systems LLC, in the United States District Court for the Western District of Arkansas related to the Magnolia Release in 2013.
−Removed: In December 2018, Delek Logistics, the United States and the state of Arkansas reached an agreement to settle the claims related to the Magnolia Release abandoning the settlement payments totaling $2.2 million .
−Removed: On November 8, 2019, a consent decree was entered with the court and on November 18, 2019, final payments were made to the State of Arkansas in the amount of $0.6 million and to the DOJ in the amount of $1.7 million , which amounts include nominal interest.
+Added: SEC regulations require disclosure of proceedings arising under federal, state or local provisions regulating the discharge of materials into the environment or protecting the environment, if we reasonably believe that such proceedings may result in monetary sanctions of $0.3 million or more.
+Added: There is no such pending litigation against us requiring disclosure.
+Added: On June 19, 2017, the Arkansas Teacher Retirement System filed a lawsuit in the Delaware Court of Chancery (Arkansas Teacher Retirement System v.
+Added: Alon USA Energy, Inc., et al., Case No.
+Added: 2017-0453), alleging breach of fiduciary duty claims.
+Added: Specifically, it alleges that Delek used its position as a purportedly controlling stockholder of Alon’s to obtain buyout terms from Alon at an unfairly discounted price, and that the defendant Alon directors breached their fiduciary duties allegedly owed to the plaintiff stockholder and purported class by engaging in conduct that led to the sale of Alon shares at an unfairly discounted price.
+Added: The plaintiff has asked the Delaware Chancery Court to, among other things, award damages to the plaintiff and purported class in an amount to be determined at trial, award additional shares of our common stock to the plaintiff and purported class and award the plaintiff attorneys’ and experts’ fees.
+Added: Although we believe the plaintiff’s claims are without merit, we cannot predict the outcome of or estimate the possible loss or range of loss from this litigation.
+Added: The parties are currently engaged in discovery and a trial date is currently scheduled in June 2021.
MINE SAFETY DISCLOSURES
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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.