Legal Proceedings.
−Removed: From time to time, we may become
−Removed: involved in various lawsuits and legal proceedings which arise in the ordinary course of business.
−Removed: However, litigation is subject to inherent
−Removed: uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.
−Removed: Shimon Shukron
−Removed: In July 2024, we were served with
−Removed: a legal complaint filed by Shimon Shukron in the Magistrate’s Court in Herzliya for a monetary award in an amount of NIS 1,895,345
−Removed: (approximately $510,000).
−Removed: The plaintiff alleges that due to the fire that broke out at Orgad’s warehouse in January 2023, the fire
−Removed: spread to the plaintiff’s business and caused heavy damage to the structure and contents, inventory of the business and loss of
+Added: time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business.
+Added: litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may
+Added: harm our business.
+Added: July 2024, we were served with a legal complaint filed by Shimon Shukron in the Magistrate’s Court in Herzliya for a monetary award
+Added: in an amount of NIS 1,895,345 (approximately $510,000).
+Added: The plaintiff alleges that due to the fire that broke out at Orgad’s warehouse
+Added: in January 2023, the fire spread to the plaintiff’s business and caused heavy damage to the structure and contents, inventory of
+Added: the business and loss of profits.
We filed our statement of defense in September 2024.
−Removed: At this preliminary stage, The plaintiff did not provide sufficient documents
−Removed: to support his claims regarding the extent of the alleged damage.
−Removed: Based on the Company’s legal advisors, the Company cannot evaluate the chances of the claim to succeed, at
+Added: At this preliminary stage, the plaintiff did not
+Added: provide sufficient documents to support his claims regarding the extent of the alleged damage.
+Added: Based on the Company’s legal advisors,
+Added: the Company evaluate the chances of the claim to succeed for only a nominal sum of NIS 175,000 (approximately $51) , at this stage.
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.