ZION OIL & GAS INC
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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Jun 30, 2025 · Filed Aug 11, 2025
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Item 1. – Legal Proceedings
Litigation
From time to time, the Company may be subject to routine litigation, claims or disputes in the ordinary course of business. The Company defends itself vigorously in all such matters. However, we cannot predict the outcome or effect of any of the potential litigation, claims or disputes.
On June 3, 2025, the Company received a notification via summons that it is being sued in the Superior Court of California, County of Los Angeles under the state’s “Trap and Trace” law. The company has retained counsel in the state of California and this case is ongoing. No recognition of legal expenses has been made in 2025, but the company has made an immaterial prepayment to our outside legal firm. Our outside counsel in California advises that the California courts are backlogged with similar cases and that a resolution to our case is not expected for months. However, we believe we have a strong case based on the facts.
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