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time to time, we may become involved in lawsuits, investigations and claims that arise in the ordinary course of business.
−Removed: On June 15, 2023, two individuals (the “Plaintiffs”) filed
−Removed: a complaint in the U.S.
−Removed: District Court, District of Nebraska naming the Company, its wholly-owned subsidiary, Titan Energy Systems, Inc.,
−Removed: and an individual acting in his capacity as an employee of the Company, collectively as defendants.
−Removed: Plaintiffs filed an amended complaint
−Removed: on July 7, 2023 alleging negligent driving, negligent entrustment, and negligent hiring, training and supervision, as a result of a car
−Removed: accident that occurred on September 9, 2019 involving the Plaintiffs and the individual.
−Removed: According to the amended complaint, the Plaintiffs
−Removed: are seeking special damages related to the injuries sustained by Plaintiffs.
−Removed: On July 27, 2023, the defendants filed an Answer to Plaintiff’s
−Removed: Amended Complaint.
+Added: June 15, 2023, Terrence and Kay Mimick (the “Plaintiffs”) filed a complaint in the U.S.
+Added: District Court, District of Nebraska
+Added: naming the Company, its wholly-owned subsidiary, Pioneer Critical Power, Inc., and an individual acting in his capacity as an employee
+Added: of the Company, collectively as defendants.
+Added: Plaintiffs filed an amended complaint on July 7, 2023, alleging negligent driving, negligent
+Added: entrustment, and negligent hiring, training and supervision, as a result of a car accident that occurred on September 9, 2019, and seeking
+Added: special damages related to the injuries allegedly sustained by Plaintiffs.
+Added: The amended complaint also named Titan Energy Systems, Inc.
+Added: as a defendant instead of Pioneer Critical Power, Inc.
+Added: On July 27, 2023, the defendants filed an Answer to Plaintiff’s Amended
On October 6, 2023, a mediation was held, but the parties did not reach a settlement.
−Removed: The parties are in the beginning stages of the discovery process and are working to schedule a settlement conference
−Removed: before the end of 2023.
+Added: In June 2024, another mediation was held
+Added: and the parties reached a settlement for all of the Plaintiffs’ claims.
+Added: May 26, 2023, the Company filed a complaint against PowerSecure, Inc.
+Added: (“PowerSecure”) in Minnesota state court, which was
+Added: subsequently removed to U.S.
+Added: District Court, District of Minnesota on June 20, 2023, alleging breach of contract, unjust enrichment and
+Added: tortious interference (the “PowerSecure Action”).
+Added: Thereafter, in the fourth quarter of 2023, the Company entered into a Settlement
+Added: Agreement and Release with PowerSecure.
+Added: On January 4, 2024, the Company and PowerSecure stipulated to a voluntary dismissal of the PowerSecure
+Added: Action with prejudice, and as a result, the PowerSecure Action was dismissed with prejudice on January 5, 2024.
of the date hereof, we are not aware of or a party to any other legal proceedings to which we or any of our subsidiaries is a party or
7 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.