Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 34

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 34
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 Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed in Company reports filed under the Exchange Act is accumulated and communicated to management, including the
Company’s Chief Executive Officer and Chief Financial Officer as appropriate, to allow timely decisions regarding disclosure.

24 

PART II.  OTHER INFORMATION

    Item 1.
    Legal Proceedings

The following information updates and amends the
information provided in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 in Part I, Item 3—Legal
Proceedings. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Company’s Form 10-K.

Vera et al. v. Middlesex Water Company and
Lonsk et al. v. Middlesex Water Company and 3M Company – In 2021, the Company was served with two PFOA-related class action
lawsuits seeking restitution for medical, water filter replacement and other claimed related costs.  On August 30, 2024, the parties
to the Vera et al. v. Middlesex Water Company (Vera) and Lonsk et al v. Middlesex Water Company (Lonsk) litigations
entered into a signed Settlement Term Sheet in a step towards resolution of both matters. On March 24, 2025, the parties to Vera
and Lonsk entered into a signed Class Action Settlement Agreement that was subsequently filed with the Superior Court of New Jersey,
Law Division (Middlesex County) on April 16, 2025 together with a Motion For Preliminary Approval of the Class Action Settlement Agreement.
The Company does not believe that the now-executed and filed Class Settlement Agreement has any material financial or operational impact
to Middlesex.

    Item 1A.
    Risk Factors

The information about risk factors does not differ
materially from those set forth in Part I, Item 1A. of the Company’s Annual Report on Form 10-K for the year ended December 31,
2024.

    Item 2.
    Unregistered Sales of Equity Securities and Use of Proceeds

None.

    Item 3.
    Defaults Upon Senior Securities

None.

    Item 4.
    Mine Safety Disclosures

Not applicable.

    Item 5.
    Other Information