Item 3. Legal Proceedings
Item 3. Legal Proceedings
On March 17, 2020, Zoho filed a lawsuit in the United States Court for the Northern District of California, as amended as of November 18, 2020, alleging trade secret misappropriation, among other causes of action, against us. The complaint, as amended, sought injunctive relief, damages in an unspecified amount with interest, and attorneys’ fees and costs. In December 2021, we reached an agreement with Zoho to settle the litigation and Zoho dismissed the lawsuit.
From time to time, we are involved in various legal proceedings arising from the normal course of business activities. There are no pending or threatened legal proceedings at this time to which we are a party that, in our opinion, is likely to have a material adverse effect on our future financial results of operations. However, the results of litigation and claims are inherently unpredictable and regardless of the outcome, litigation can have an adverse impact on us because of costly defense and settlement expenses, diversion of management and employee resources to defend such claims and other factors.
Item 4. Mine Safety Disclosures
None.
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Part II
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