Item 1. Legal Proceedings
ITEM 1.
LEGAL PROCEEDINGS
From time to time, PDS may be subject to various legal proceedings and claims that arise in the ordinary course of its business activities. Litigation, regardless of the outcome, could have an
adverse impact on PDS because of defense and settlement costs, diversion of management resources and other factors. PDS is not currently a party to any legal proceedings, the adverse outcome of which, in PDS’s management’s opinion, individually or
in the aggregate, would have a material adverse effect on PDS’s results of operations or financial position.
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