Annual report [Section 13 and 15(d), not S-K Item 405]

Commitments and Contingencies

v3.25.1
Commitments and Contingencies
12 Months Ended
Dec. 31, 2024
Commitments and contingencies (Note 4)  
Commitments and Contingencies

 

4. Commitments and Contingencies

 

Legal Proceedings

 

In 2020, a legal proceeding was initiated against us by a former employee alleging wrongful termination, retaliation, infliction of emotional distress, negligent supervision, hiring and retention and slander. An independent investigation into this individual’s allegations of whistleblower retaliation, while still an employee, was conducted utilizing an outside investigator and concluded that such allegations were not substantiated. In September 2023, Fedson, as consideration for the Asset Purchase Agreement, agreed to assume all liabilities related to this pending employment claim (see Note 5. Asset Sale).