Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
From
time to time, the Company may become involved in lawsuits and other legal proceedings that arise in the course of business. Litigation
is subject to inherent uncertainties, and it is not possible to predict the outcome of litigation with total confidence. The Company
is currently not aware of any legal proceedings or potential claims against it whose outcome would be likely, individually or
in the aggregate, to have a material adverse effect on the Company’s business, financial condition, operating results, or
cash flows.
Lawsuit Brought by Current Employee
On July 15, 2020, an employee of the Company filed a Complaint alleging
unequal pay based on gender and other employment-based claims. Subsequent to March 31, 2021, the Company settled this Complaint for an
amount immaterial to the consolidated financial statements.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.