Panera Bread 2014 Annual Report Download - page 30

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18
ITEM 3. LEGAL PROCEEDINGS
On July 2, 2014, a purported class action lawsuit was filed against one of our subsidiaries by Jason Lofstedt, a former employee
of one our subsidiaries. The lawsuit was filed in the California Superior Court, County of Riverside. The complaint alleges,
among other things, violations of the California Labor Code, failure to pay overtime, failure to provide meal and rest periods, and
violations of California's Unfair Competition Law. The complaint seeks, among other relief, collective and class certification of
the lawsuit, unspecified damages, costs and expenses, including attorneys’ fees, and such other relief as the Court might find just
and proper. We believe our subsidiary has meritorious defenses to each of the claims in the lawsuit and we are prepared to
vigorously defend the lawsuit. There can be no assurance, however, that our subsidiary will be successful, and an adverse resolution
of the lawsuit could have a material adverse effect on our consolidated financial position and results of operations in the period
in which the lawsuit is resolved. We are not presently able to reasonably estimate potential losses, if any, related to the lawsuit.
In addition to the legal matter described above, we are subject to other routine legal proceedings, claims and litigation in the
ordinary course of business. Defending lawsuits requires significant management attention and financial resources and the outcome
of any litigation, including the matters described above, is inherently uncertain. We do not believe the ultimate resolution of these
actions will have a material adverse effect on our consolidated financial statements. However, a significant increase in the number
of these claims, or one or more successful claims under which we incur greater liabilities than is currently anticipated, could
materially and adversely affect our consolidated financial statements.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.