Blink Charging Co
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
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Item 1. Legal Proceedings
| ITEM 1. | LEGAL PROCEEDINGS. |
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For a description of our legal proceedings, see Note 8 – Commitments and Contingencies – Litigation, Disputes, and Settlements in Part 1, Item 1 of this Quarterly Report on Form 10-Q.
The Farkas Group, Inc., a Florida corporation whose principal is a former Company officer, filed a demand for arbitration with JAMS on March 29, 2024, alleging that the Company owes it commissions under a 2009 commission agreement. The Company denies that any commissions are owed. While the outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business.
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