CPS TECHNOLOGIES CORPDE
For the period ended Dec 30, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
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Item 3. Legal Proceedings
We are not a party to any litigation which could have a material adverse effect on us or on our business. The Company has received a letter from the attorney of a former European outside sales representative stating that under European law the representative is entitled to compensation as a result of his termination. The Company completely disagrees with the claims. Should this result in litigation the Company will defend itself to the fullest extent of the law and estimates any losses incurred to be immaterial.
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