This excerpt taken from the GWR 8-K filed Dec 17, 2008.
SVI is subject to legal proceedings and claims, which have arisen in the ordinary course of its business and have not been finally adjudicated. Management is vigorously defending these lawsuits and does not believe that there will be any judgments against SVI. These actions, when ultimately concluded and determined, will not, in the opinion of management, have a material adverse effect upon the financial position, results of operation or liquidity of SVI.
SUMMIT VIEW, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 31, 2007 and 2006
The risk of incurring environmental liability for acts and omissions, past, present and future is inherent in the railroad business. However, based on its assessments of the facts and circumstances now known, management believes that it is unlikely that any identified matters, either individually or in the aggregate, will have a material adverse effect on SVIs financial position, results of operations or liquidity of SVI.