ServiceMagic 2014 Annual Report Download - page 31

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Table of Contents
Item 3. Legal Proceedings
In the ordinary course of business, the Company and its subsidiaries are parties to litigation involving property, personal injury, contract,
intellectual property and other claims. The amounts that may be recovered in such matters may be subject to insurance coverage.
Rules of the Securities and Exchange Commission require the description of material pending legal proceedings (other than ordinary, routine
litigation incidental to the registrant's business) to which the registrant or any of its subsidiaries is a party or to which any of their property is subject
and advise that proceedings ordinarily need not be described if they primarily involve claims for damages for amounts (exclusive of interest and
costs) not exceeding 10% of the current assets of the registrant and its subsidiaries on a consolidated basis. In the judgment of Company
management, none of the pending litigation matters which the Company and its subsidiaries are defending involves (or is likely to involve) amounts
of that magnitude, nor do such matters involve issues or claims that may be of particular interest to the Company's shareholders.
Item 4. Mine Safety Disclosures
Not applicable.
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