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COMMITMENTS AND CONTINGENCIES | 6 Months Ended
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Jun. 30, 2025
COMMITMENTS AND CONTINGENCIES |
COMMITMENTS AND CONTINGENCIES | 8. COMMITMENTS AND CONTINGENCIES On May19, 2025, the Company entered into a Settlement Agreement resolving all claims and causes of action in Cause No. DC-19-17946, Retractable Technologies, Inc. v. Locke Lord LLP, et al., in the 44th District Court of Dallas County, Texas (the "Lawsuit"). The Lawsuit had alleged various claims in connection with legal representation of the Company in its previous litigation against Becton, Dickinson and Company. Neither the Company nor the defendants admitted liability or damages. Under the Settlement Agreement, the Company received $1.9 million, dismissed all claims and causes of actions against the defendants with prejudice, and exchanged mutual releases with the defendants. ​

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