LGL GROUP INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
Contents
Contingencies
14. Contingencies
In the normal course of business, the Company and its subsidiaries* maybecome defendants in certain product liability, patent infringement, worker claims and other litigation. The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company isnot* involved in any legal proceedings other than routine litigation arising in the normal course of business,none of which the Company believes will have a material adverse effect on the Company’s business, financial condition or results of operations.
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