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COMMITMENTS AND CONTINGENCIES
3 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 13. COMMITMENTS AND CONTINGENCIES


Legal Matters


In September 2015, Pro-Dex Sunfish Lake, LLC (“PDSL”) a subsidiary of the Company foreclosed its lien against the assets of Riverside Manufacturing, Inc. (“Riverside”), a former investment held by the Company. After the foreclosure, Scott Robertson (the former president of Riverside), Riverside and Heron Enterprises, LLC, an affiliated entity, asserted claims of breach of contract, fraudulent inducement and wrongful self-help eviction among others, against PDSL and another subsidiary of the Company, Pro-Dex Riverside LLC (“PDR”). PDSL and PDR in turn asserted various claims, including slander of title, fraudulent misrepresentation, conversion and theft against one or more of those parties, in turn. In October 2016, the parties filed lawsuits against one another asserting the aforementioned claims. On February 8, 2017, a hearing was held on PDSL and PDR’s request for dismissal of several of Robertson et al.’s claims, which the court dismissed effective May 8, 2017. We proposed a mutual release of all claims to settle this dispute and the court held a hearing on October 6, 2017 to review the matter, as it was our position that Robertson et al. agreed to the settlement. At the hearing, the Court granted the motion to enforce the settlement agreement and all parties’ claims against one another were dismissed with prejudice.


In addition to the matter described above we are from time to time a party to various legal proceedings incidental to our business. There can be no certainty, however, that we may not ultimately incur liability or that such liability will not be material and adverse.