Shareholder Alert: Johnson Fistel Launches Investigation into the Grindr Board for Potential Fiduciary Duty Breaches Relating to the Terminated Buyout
Johnson Fistel, PLLP has initiated an investigation into Grindr Inc.'s Board of Directors for potential breaches of fiduciary duty. The investigation focuses on the Board's decision to end negotiations with Grindr's controlling stockholder and whether this action, along with other recent corporate decisions, negatively impacted the rights of all stockholders, particularly minority holders. Shareholders are invited to join the investigation to explore the implications of these decisions on stockholder rights and company control.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP has initiated an investigation into the Board of Directors of Grindr Inc. (NYSE: GRND) for potential breaches of fiduciary duty. The investigation concerns the Board's decision to terminate negotiations with Grindr's controlling stockholder and the impact on stockholder rights, particularly for minority holders. Shareholders are invited to join the investigation by contacting Johnson Fistel for more information.
Johnson Fistel Investigates the Grindr Board for Potential
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by Grindr Inc.'s Board of Directors. The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this action impacted stockholder rights, especially those of minority holders. Shareholders are invited to join the investigation, which seeks to determine if the Board's choices were consistent with their duties.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by Grindr Inc.'s Board of Directors. The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether these actions were fair to all stockholders, especially minority holders. Shareholders are encouraged to join the investigation.
Grindr (GRND): Firm reaffirms 2025 revenue growth outlook
Grindr (GRND) has reaffirmed its revenue growth outlook for 2025. This indicates the company expects to meet its previously communicated financial projections for the upcoming year, suggesting stability and confidence in its business strategy.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by Grindr Inc.'s (NYSE: GRND) Board of Directors. The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this impacts stockholder rights, particularly those of minority holders. Shareholders are invited to join the investigation, which seeks to determine if recent corporate actions align with the duties owed to all investors.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (NYSE: GRND). The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this action and related corporate decisions are consistent with duties owed to all stockholders, especially minority holders. Shareholders are invited to join the investigation to explore the impact on stockholder rights and the balance of control within the Company.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (NYSE: GRND). The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this action, along with related corporate activities, aligned with their duties to all stockholders, especially minority holders. Shareholders are invited to join the investigation to assess if their rights have been impacted.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (GRND) following their decision to terminate negotiations with the controlling stockholder. The investigation aims to determine if the Board's actions and recent corporate decisions uphold their duties to all stockholders, especially minority holders. Grindr shareholders are invited to join the investigation.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duty by Grindr Inc.'s (NYSE: GRND) Board of Directors. The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this action, along with other corporate decisions, aligned with the duties owed to all stockholders, particularly minority holders. The firm is examining if these choices impacted stockholder rights and the balance of control within the Company.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by Grindr Inc.'s Board of Directors. The investigation focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether these actions were fair to all shareholders, especially minority holders. Shareholders are encouraged to join the investigation.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP has initiated an investigation into the Board of Directors of Grindr Inc. (NYSE: GRND) regarding potential breaches of fiduciary duty. The probe focuses on the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether this action, and other recent corporate decisions, adequately protected the rights of all shareholders, especially minority holders. The firm invites Grindr shareholders to join the investigation.
Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout Termination
Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by Grindr Inc.'s Board of Directors. The investigation focuses on the Board's decision to terminate buyout negotiations with a controlling stockholder and whether this decision, along with other corporate actions, negatively impacted minority stockholders' rights. Shareholders are invited to join the investigation to learn more about the potential impact on their investments.
Insider Stock Purchases: December 03, 2025
This article details significant open market insider stock purchases reported on December 3, 2025, across various companies including SURROZEN, INC./DE ($SRZN), GRINDR INC. ($GRND), NEXTDECADE CORP ($NEXT), ELITE HEALTH SYSTEMS INC. ($EHSI), and KOIL ENERGY SOLUTIONS, INC. ($KLNG). It highlights specific insider transactions, such as Kutzkey Tim's purchase of $SRZN shares and Hanwha Aerospace Co., Ltd.'s acquisition of $NEXT shares, along with a breakdown of recent insider trading activity for each company.
Deal Dispatch: Naver, Grindr And Liga De Fútbol Advance Talks; Rogue Ales & Spirits Goes Bankrupt
This "Deal Dispatch" article covers several significant business developments, including Naver's acquisition of Dunamu Inc. and Grindr's stock price increase following the withdrawal of a buyout bid. It also reports on Global Sports Capital Partners' investment in Mexico's Liga de Fútbol Americano and the bankruptcy filing of Rogue Ales & Spirits.
Grindr Stockholders Zage And Lu Withdraw $18-Per-Share Take-Private Bid After Committee Ends Talks
Grindr's major shareholders, Ray Zage and James Lu, have withdrawn their $18-per-share offer to take the company private after the Special Committee terminated talks due to financing uncertainty. Zage and Lu, who collectively own over 60% of Grindr, stated they had secured significant expressions of interest for acquisition financing. Despite this, they acknowledge the company's senior management prefers Grindr to remain public, with Zage now intending to purchase additional shares in the market.
Should You Buy the Dip in Grindr Stock?
Grindr Inc. (GRND) stock fell by 12% after its board ended take-private discussions due to unsatisfactory funding commitments, causing the stock to be down over 50% year-to-date. Despite this setback, the article suggests Grindr remains attractive due to its dominance in the LGBTQ+ dating market, strong growth in paid users (17% YoY), and an attractive valuation at 13 times forward EBITDA with promising AI-powered matchmaking. Wall Street analysts maintain a "Moderate Buy" rating with a mean target of nearly $22, indicating a potential rally of over 80%.
GRND STOCK: Grindr Inc. Board Investigated for Breaches of
Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private sale. The investigation concerns an offer by James Fu Bin Lu and George Raymond Zage, III, to purchase minority stockholders' shares for $18.00 each, raising questions about fairness and stockholder influence. Grindr shareholders are encouraged to contact BFA Law for information on their legal options.
Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low
Berman Tabacco is investigating whether the buyout offer for Grindr Inc. (GRND) at $18.00 per share by controlling stockholders George Raymond Zage, III and James Fu Bin Lu is too low. The firm is examining the independence of the special committee appointed to review the transaction and whether the controlling stockholders and board of directors have breached their fiduciary duties. Stockholders are encouraged to contact Berman Tabacco for more information regarding the investigation.
GRND SECURITIES ALERT: Grindr Inc. Faces Investigation into the $18.00 Take Private Deal – Contact BFA Law if You Hold Shares
Bleichmar Fonti & Auld LLP has launched an investigation into Grindr Inc. (NYSE: GRND) and its majority stockholders, James Fu Bin Lu and George Raymond Zage, III. The investigation concerns potential breaches of fiduciary duties related to a proposed take-private transaction that would squeeze out minority shareholders for $18.00 per share. Shareholders are encouraged to contact BFA Law to explore their legal options regarding the deal.
GRINDR INVESTORS: The Grindr Inc. (GRND) Take Private Sale is Under Investigation, Current Shareholders are Urged to Contact BFA Law
Bleichmar Fonti & Auld LLP has launched an investigation into Grindr Inc. (NYSE: GRND) and its majority stockholders, James Fu Bin Lu and George Raymond Zage, III, regarding a potential take-private sale that would cash out minority shareholders. The investigation seeks to determine if there were breaches of fiduciary duties concerning the proposed $18.00 per share offer. Current Grindr shareholders are encouraged to contact BFA Law for information on their legal options.
Bronstein, Gewirtz & Grossman, LLC Is Investigating Grindr Inc. (GRND) And Encourages Stockholders to Connect
Bronstein, Gewirtz & Grossman, LLC is investigating Grindr Inc. (NYSE:GRND) for potential breaches of fiduciary duty by its directors and management. The investigation stems from a proposal by two majority shareholders to take the Company private without an apparent shareholder vote. The firm encourages Grindr stockholders to connect and assist with the investigation.
Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share
Majority shareholders George Raymond Zage III and James Fu Bin Lu have submitted a non-binding offer to acquire all outstanding shares of Grindr Inc. not already owned by them for $18.00 per share. This proposal represents a 51% premium over the unaffected stock price and aims to take Grindr private to pursue focused growth. The Proposing Shareholders, who led Grindr's public listing in 2022, have secured significant financing interest for the acquisition.
Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share
Majority Grindr shareholders George Raymond Zage III and James Fu Bin Lu have submitted a non-binding offer to acquire all outstanding shares of Grindr Inc. for $18.00 per share. This proposal represents a 51% premium over the unaffected stock price and aims to take Grindr private for focused growth. The proposing shareholders, who collectively own over 60% of Grindr's common stock, have secured significant financing interest for the acquisition.
Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share
Majority Grindr shareholders George Raymond Zage III and James Fu Bin Lu have submitted a non-binding offer to acquire all outstanding shares of Grindr Inc. not already owned by them for $18.00 per share. This proposal represents a 51% premium over the unaffected stock price on October 10, 2025. The proposers, who collectively own over 60% of Grindr's stock, expressed confidence in securing financing and aim for a friendly dialogue with Grindr's management and board to move the company forward as a private entity.
Grindr’s Top Investors Offer $3.5 Billion Deal
Grindr's top investors, James Fu Bin Lu and George Raymond Zage III, who collectively own 60% of the company, have offered to buy the remaining shares at $18 apiece, valuing the deal at nearly $3.5 billion. This proposal represents a 51% premium over Grindr's stock price on October 10 and aims to take the West Hollywood-based dating app private again. The offer follows a trend of L.A.-area companies going private and comes despite a general decline in dating app user engagement, as Grindr reported a 27% year-over-year revenue increase in its second quarter.
GRND SECURITIES ALERT: Grindr Inc. $18 Take Private Deal
Bleichmar Fonti & Auld LLP has launched an investigation into Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders for potential breaches of fiduciary duties. This comes after an offer was made by controlling stockholders James Fu Bin Lu and George Raymond Zage, III, to take the company private at $18.00 per share, which would cash out all minority stockholders. The law firm is seeking to determine if the proposed transaction is fair to minority shareholders, particularly given the lack of a clear condition for a majority-of-the-minority stockholder vote.
GRND INVESTOR REMINDER: Grindr Inc. Shareholders may have
Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private deal. Majority stockholders James Fu Bin Lu and George Raymond Zage, III, have offered to buy out minority shareholders at $18.00 per share, which the firm believes may unfairly squeeze out minority interests. Current Grindr shareholders are encouraged to contact BFA Law for more information on their legal options.
Bronstein, Gewirtz & Grossman, LLC Is Investigating Grindr Inc. (GRND) And Encourages Investors to Connect
Bronstein, Gewirtz & Grossman, LLC is investigating Grindr Inc. (NYSE: GRND) for potential breaches of fiduciary duties by its directors and management. The investigation concerns a proposal by Grindr's two majority shareholders to take the company private, with no indication that a shareholder vote will be required. Investors who currently hold Grindr shares are encouraged to contact the firm to assist with the investigation.
Bronstein, Gewirtz & Grossman, LLC Is Investigating Grindr Inc. (GRND) And Encourages Investors to Connect
Bronstein, Gewirtz & Grossman, LLC is investigating Grindr Inc. (NYSE:GRND) for potential breaches of fiduciary duty by its directors and management. The investigation stems from a proposal by two majority shareholders to take the Company private and the absence of an indication that shareholder vote is required for acceptance. Investors who purchased and continue to hold Grindr shares are encouraged to assist the investigation.
Bronstein, Gewirtz & Grossman, LLC Encourages Grindr Inc. (GRND) Stockholders to Inquire about Securities Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating Grindr Inc. (NYSE:GRND) for potential breaches of fiduciary duty by its directors and management. The investigation focuses on a proposal by Grindr's majority shareholders to take the company private, without indication of a required shareholder vote. Current Grindr stockholders are encouraged to contact the firm for more information.
Grindr (GRND) Stock Explodes on $18 Buyout Buzz – Is a $3.5B Takeover Coming?
Grindr (GRND) stock surged by 18.9% on October 24, 2025, following a non-binding offer from Chairman James Lu and investor Ray Zage to take the company private at $18 per share, valuing it at approximately $3.5 billion. This proposal represents a 51% premium to mid-October levels and has led Grindr's board to establish a special independent committee for evaluation, though no assurance of a deal exists. Despite the ongoing legal scrutiny from class-action probes regarding fiduciary duties, analysts remain bullish, with an average 12-month target of $22-23, driven by Grindr's strong Q2 2025 growth, AI-powered features, and robust user base.
Grindr’s Top Shareholders Propose $18 Per-Share Take-Private Deal
Grindr's largest shareholders, George Raymond Zage III and James Fu Bin Lu, have proposed to acquire all outstanding shares of the company for $18 per share. This take-private deal represents a 51% premium over the October 10 closing price and values the LGBTQ+ social networking platform at a significant premium. The proposing shareholders claim to have financing in place and have been consistent buyers of Grindr shares since its listing.
Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share
Majority Grindr shareholders George Raymond Zage III and James Fu Bin Lu have submitted a non-binding offer to acquire all outstanding shares of Grindr Inc. not already owned by them for $18.00 per share. This proposal represents a 51% premium over the unaffected stock price and aims to take the company private, with the proposing shareholders having secured significant financing interest. They express strong belief in Grindr's long-term outlook and hope for constructive engagement with the company's management and board.
Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share
Majority Grindr shareholders George Raymond Zage III and James Fu Bin Lu have submitted a non-binding offer to acquire all outstanding shares of Grindr Inc. for $18.00 per share. This proposal, representing a 51% premium over the unaffected stock price, aims to take the company private. The Proposing Shareholders, who already own over 60% of Grindr's common stock, have secured significant financing interest for the acquisition.
Grindr Inc. Investigated for Breaches of Fiduciary Duty - Contact the DJS Law Group to Discuss Your Rights – GRND - MarketScreener
DJS Law Group is investigating Grindr Inc. (NYSE: GRND) and its directors for potential breaches of fiduciary duty to investors. Shareholders who have incurred losses are encouraged to contact the law firm to discuss their rights.
Insider Spends US$13m Buying More Shares In Grindr
A director at Grindr, George Raymond Zage, recently purchased US$13 million worth of company stock, increasing his holding by 1.1%. This comes despite a trend of more insider selling than buying at Grindr over the past year, including a significant US$37 million sale by the Independent Chairperson. The article notes Grindr's high insider ownership of 83%, valued at US$2.0 billion, but expresses caution due to the recent selling activity.
STOCKHOLDER ALERT: Grindr Inc. (GRND) Shareholders are Reminded to Contact BFA Law about its Ongoing Investigation into the Board - Newsfile
Bleichmar Fonti & Auld LLP (BFA Law) has announced an investigation into Grindr Inc.'s board of directors and majority stockholders, James Fu Bin Lu and George Raymond Zage, III. The investigation concerns potential breaches of fiduciary duties related to a proposed take-private sale of Grindr that would cash out minority stockholders. Shareholders are encouraged to contact BFA Law for more information regarding their legal options.
GRND SHAREHOLDER ALERT: Did the Grindr Inc. (NYSE: GRND) - GlobeNewswire
Bleichmar Fonti & Auld LLP has launched an investigation into Grindr Inc. (NYSE: GRND) board of directors and majority stockholders James Fu Bin Lu and George Raymond Zage, III. This follows a potential take-private sale of Grindr that would cash out minority stockholders. The firm is investigating whether fiduciary duties to shareholders have been breached, especially since the deal might not be conditioned on a majority-of-the-minority stockholder vote.
GRND SHAREHOLDER ALERT: Did the Grindr Inc. (NYSE: GRND) - GlobeNewswire
Bleichmar Fonti & Auld LLP (BFA Law) has initiated an investigation into Grindr Inc.'s board of directors and majority stockholders, James Fu Bin Lu and George Raymond Zage, III, for potential breaches of fiduciary duties. This investigation stems from a proposed take-private sale of Grindr that would cash out minority stockholders while preserving the controllers' ownership. BFA Law is looking into whether the board and majority stockholders are acting in the best interest of all shareholders, especially since a majority-of-the-minority stockholder vote may not be required for the deal.
Grindr, Inc. Experiences Revision in Stock Evaluation Amid Market Volatility - Markets Mojo
Grindr, Inc., a small-cap software company, has seen its stock price decrease to $14.10, reflecting significant volatility and a bearish sentiment across technical indicators. The company's performance has consistently lagged behind the S&P 500 across various time frames, despite a positive 20.31% return over the past year. This stock evaluation revision highlights the ongoing market challenges faced by Grindr.
Grindr Inc. Announces Chief Financial Officer Changes, Effective October 1, 2025
Grindr Inc. has appointed John F. North as its new Chief Financial Officer, effective October 1, 2025. He replaces Vanna Krantz, who will transition out of the role but remain as a senior advisor until March 31, 2026. Mr. North brings extensive financial leadership experience from companies like Lazydays Holdings Inc., Copart Inc., Avis Budget Group Inc., and Lithia and Driveway Inc.
Grindr Inc.'s (NYSE:GRND) Stock Retreats 26% But Revenues Haven't Escaped The Attention Of Investors
Grindr Inc.'s stock (NYSE:GRND) recently fell 26% in 30 days, although its revenue growth continues to be strong, leading to a high price-to-sales (P/S) ratio of 8.1x compared to an industry average of 1.2x. Analysts project Grindr's revenue to grow 22% annually over the next three years, outpacing the industry’s 13% forecast. Despite the recent stock retreat, the strong revenue outlook justifies the higher P/S ratio and suggests investors expect continued growth.
Grindr Inc.'s (NYSE:GRND) Intrinsic Value Is Potentially 84% Above Its Share Price
This article uses a two-stage Discounted Cash Flow (DCF) model to estimate the intrinsic value of Grindr Inc. (NYSE:GRND). Based on this analysis, Grindr's fair value is projected to be US$36.46, suggesting it is potentially 46% undervalued compared to its current share price of US$19.87. The analysis highlights key assumptions like the discount rate and future cash flow forecasts, emphasizing that valuations are estimates and not precise figures.
Bumble is stumbling. Tinder is flagging. But this go-to gay dating app is thriving
While dating apps like Bumble are struggling with layoffs, stagnant user growth, and declining stock prices, LGBTQ+ hookup app Grindr is flourishing with solid user acquisition and revenue growth. Grindr's CEO George Arison attributes their success to building a product that Gen Z desires, unlike some competitors who have fallen flat. Grindr, which debuted at $16.90 in 2022, has seen its stock price rebound significantly after an initial dip, while Bumble's stock continues to trade far below its IPO price.
Analysts’ Top Technology Picks: Grindr (GRND), Cadence Design (CDNS)
This article highlights bullish sentiments from financial analysts on three technology companies: Grindr (GRND), Cadence Design (CDNS), and Robinhood Markets (HOOD). Analysts maintained Buy ratings for all three, with specific price targets and positive outlooks based on their professional assessments and success rates.
GRINDR ALERT: Bragar Eagel & Squire, P.C. is Investigating Grindr, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a shareholder rights law firm, is investigating potential claims against Grindr, Inc. (NYSE:GRND) on behalf of long-term stockholders. This investigation follows a class action complaint filed against Grindr on May 1, 2025, concerning alleged breaches of fiduciary duties by the company's board of directors. The firm is encouraging Grindr long-term stockholders to contact them with any relevant information or questions regarding their rights.
UK firm serves US class action against gay dating app
A UK law firm, Austen Hays, has filed class-action lawsuits in California and Delaware against Grindr, the LGBTQ+ dating app, on behalf of over 10,000 US users. The lawsuits allege that Grindr shared highly sensitive personal data, including HIV status and sexual orientation, with third parties without consent, breaching data protection laws. This legal action follows previous enforcement actions and fines against Grindr in Norway and a reprimand in the UK for similar data handling practices.
Grindr facing allegations that it shared users' medical information
Grindr, a popular dating app for gay and bisexual men, is facing a class action lawsuit in London alleging it shared users' private medical information, including HIV status, with third parties for targeted advertising without consent. The law firm Austen Hays claims these breaches occurred between 2018 and 2020 and that nearly 700 users have joined the claim, with thousands more expected. Grindr denies sharing health information for commercial purposes and plans to vigorously respond to the lawsuit, stating the claims mischaracterize practices from before early 2020.
Grindr Inc (GRND) Quarterly 10-Q Report
Grindr Inc. (GRND) filed its 10-Q report for the quarter ended September 30, 2024, showing total revenue of $89.3 million, up from $70.3 million year-over-year, driven by increases in both direct and indirect revenues. The company reported a net income of $24.7 million, a significant improvement from a net loss of $0.4 million in the prior year, alongside strong Adjusted EBITDA and free cash flow. Legal proceedings mentioned in the filing are not expected to materially impact the company.
