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VLG » Topics » We have been subject to litigation on other matters that could, if resolved unfavorably, adversely impact our operating results.This excerpt taken from the VLG 10-K filed Sep 28, 2006. We
have been subject to litigation on other matters that could, if
resolved unfavorably, adversely impact our operating
results.
We have, from time to time, been the subject of suits alleging
violations of employment law, vehicular damage, injury and
various other actions. These suits often seek punitive damages,
attorneys fees, injunctive relief and other remedies, and
there is management and employee time taken to handle these
claims. Some of our insurance policies do not cover punitive
damages or provide for the payment of attorneys fees in
addition to the limits of coverage. There are, for example,
currently several actions pending against us alleging damages in
connection with employment or termination of employment. There
is no assurance that insurance will be available or adequate to
protect us from claims. An unfavorable result in these actions
could adversely impact our operations during the period decided.
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