Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1327

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 1327
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 they allege damages in an amount of $11.4 million arising from an alleged breach of the Agreement. On September 6, 2018,
North Empire filed a Notice of Discontinuance of the action it had filed on August 2, 2018. On September 27, 2018, North Empire filed
an answer and asserted counterclaims in the action commenced by us against them, alleging that we failed to deliver stock certificates
to North Empire causing damage to North Empire in the amount of $10,958,589. North Empire also filed a third-party complaint against
our CEO and now former Chairman of the Board asserting similar claims against them in their individual capacities. On October 17, 2018,
we filed a reply to North Empire’s counterclaims. On November 15, 2018, our CEO and now former Chairman of the Board filed a motion
to dismiss North Empire’s third-party complaint. On January 6, 2020, the Court granted the motion and dismissed the third-party
complaint. Discovery has been completed and both parties have filed motions for summary judgment in connection with the claims and counterclaims.
On December 30, 2021, the Court denied both My Size and North Empire’s motions for summary judgment, arguing there were factual
issues to be determined at trial. On January 26, 2022, the Company filed a notice of appeal of the summary judgment decision. On February
3, 2022, the Company filed a motion to reargue the Court’s decision denying the Company’s motion for summary judgment. On
or about September 12, 2022, the Court issued its Decision and Order denying the Company’s motion to reargue. North Empire filed
its opposing brief on December 7, 2022. On or about March 13, 2023, the Supreme Court referred the case to its Alternative Dispute Program
and ordered the cases to mediate. The mediation was held on July 26, 2023 and various settlement options were explored but the mediation
did not lead to settlement. On December 21, 2023, a conference with the Court was held and the parties were given dates for various pre-trial
filings. The parties agreed on settlement terms, including a global settlement with a third party with related claims. On November 19,
2024, the settlement agreement was executed and on December 2, 2024, the parties filed the Stipulation of Dis