LEGAL PROCEEDINGS
−Removed: Other than the disclosure
−Removed: in Note 10 to the Consolidated Financial Statements regarding the past due payroll taxes and in Note 21 to the Consolidated Financial
−Removed: Statements regarding the Chapter 11 Bankruptcy proceedings of SEM and the lease settlement for REGS, we know of no material, existing
−Removed: or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation.
−Removed: are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder of more than
−Removed: 5% of our issued and outstanding common stock, or associates of such persons, is an adverse party or has a material interest adverse
+Added: January 2016, an employee of SEM was involved in a vehicle accident while on Company business.
+Added: Various actions were filed by the
+Added: claimants in both state and federal courts.
+Added: In August 2016, an involuntary proceeding was commenced by one of the claimants against
+Added: SEM under Chapter 7 of the Bankruptcy code.
+Added: In September 2016, the case was converted to a Chapter 11 under the Bankruptcy code.
+Added: During the pendency of all actions, SEM continued to manage its affairs and operate normally.
+Added: In the fourth quarter of 2016, the
+Added: parties reached a settlement concerning the distribution of insurance proceeds and all issues of liability.
+Added: On March 27, 2017
+Added: the Bankruptcy Courts confirmed the dismissal of the SEM Chapter 11 case.
+Added: As part of the bankruptcy proceedings, the Company reached
+Added: a settlement with claimants and recorded an accrued litigation expense of $212,500 at December 31, 2016.
+Added: It was agreed among the
+Added: parties that all pending state and/or federal claims will be dismissed with prejudice.
+Added: The accrued litigation outstanding at December
+Added: 31, 2019 and December 31, 2018 was $150,000 and $150,000, respectively.
MINE SAFETY DISCLOSURES
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.