Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 283

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 283
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From
time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However,
litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may
harm our business.

North
Empire LLC

On
August 7, 2018, we commenced an action against North Empire LLC, or North Empire, in the Supreme Court of the State of New York, County
of New York for breach of a Securities Purchase Agreement or Agreement in which we are seeking damages in an amount to be determined
at trial, but in no event less than $616,000. On August 2, 2018, North Empire filed a Summons with Notice against us, also in the same
Court, in which 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