Disclosable Event

Does it matter? Does this event affect investment value? Is there a potentially meaningful lawsuit coming because of this disclosable event?

Like...we were sued for all that arsenic-river-dumping. Is it a frivolous suit, in that we are actually a traveling circus and we have never even touched arsenic? Or are we a semiconductor etching company and we, in fact, are killing fish? If it's the latter, that lawsuit is then a disclosable event.

In practice, disclosure of events like this are usually filed in the form of an 8-k document, which is sort of the go-to doc for one-time events that must be broadcast to investors.