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Commitments and Contingencies
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3 Months Ended |
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May 04, 2013
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| Commitments and Contingencies |
NOTE 13. Commitments and
Contingencies
In
March 2013, we were named as a defendant in class action lawsuits
challenging the plan of merger with Sycamore. These
lawsuits allege general various wrongdoings such as breach of our
fiduciary duty to our shareholders. We may be named as a defendant
in other similar lawsuits in the future. While we believe that all
of the allegations are without merit and that we have valid
defenses to all potential claims, our litigation exposure could
have a material adverse effect on our financial condition and
results of operations in the event the claims are not settled in
our favor.
From
time to time, we are involved in other matters of litigation that
arise in the ordinary course of business. Though significant litigation or awards against
us could seriously harm our business and financial results, we do
not at this time expect any of this litigation to have a material
adverse effect on our overall financial
condition.
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