Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.4
Subsequent Events
3 Months Ended
Nov. 30, 2020
Subsequent Events  
Subsequent Events

Note 10: Subsequent Events

Everest Litigation

On December 18, 2020, we were served with a Complaint filed in the United States District Court for the Central District of California by our former workers’ compensation insurance carrier, Everest National Insurance Company.  The Complaint asserts claims for breach of contract, alleging that the Company owes certain premium payments to plaintiff under a retrospective rated policy.  Although the Company was only recently served with the Complaint, and its deadline to respond has not yet occurred, we deny plaintiff’s claims and intend to defend the lawsuit vigorously.