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EPSN on Nasdaq

Epsilon Energy Ltd.

Epsilon Energy Ltd. is a Canadian crude petroleum and natural gas company, incorporated in Alberta.1 It is headquartered in Houston, Texas.1 Its shares trade on Nasdaq under the symbol EPSN.1

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Last updated Oct 21, 2026.

Overview

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  • TickerEPSN on Nasdaq1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersHouston, Texas1
  • Incorporated inAlberta, Canada2
  • Business address500 Dallas Street, Suite 1250, Houston, Tx 770022
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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At December 31, 2025, Epsilon’s total estimated net proved reserves were 86.4 Bcf of natural gas reserves, 9.3 MMBbls of oil reserves, and 2.4 MMBbls of NGL reserves. Epsilon holds leasehold rights to approximately 101,265 gross (54,044 net) acres. The Company has natural gas production in the Appalachian Basin Pennsylvania and oil, natural gas liquids and natural gas production in the Powder River Basin in Wyoming, the Permian Basin in Texas and New Mexico, and the Western Canadian Sedimentary Basin in Alberta, Canada.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-20.4%Operating margin4
-11.2%Net margin4
63.7%Revenue growth, 20254
-4.6%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Natural Gas brought in 56% of the revenue Epsilon Energy Ltd. broke down this way in fiscal 2025.

  1. Natural Gas$29.1M456%up 170% from 2024
  2. Oil and Condensate$13.8M427%up 1% from 2024
  3. Gas Gathering And Compression$6.7M413%up 21% from 2024
  4. Natural Gas Liquids (NGL)$2.0M44%up 34% from 2024
Products and services by year
Products and services20242025
Natural Gas$10.8M$29.1M
Oil and Condensate$13.7M$13.8M
Gas Gathering And Compression$5.5M$6.7M
Natural Gas Liquids (NGL)$1.5M$2.0M

Business segments

Upstream Usa brought in 84% of the revenue Epsilon Energy Ltd. broke down this way in fiscal 2025.

  1. Upstream Usa$44.9M484%up 73% from 2024
  2. Gas Gathering$8.5M416%up 28% from 2024
Business segments by year
Business segments20242025
Upstream Usa$26.0M$44.9M
Gas Gathering$6.7M$8.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$51.2M
  • Income tax1¢$362.7K

Out of $51.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$20.6M

Out of $20.6M of cash from operations.4

Financial statements

Revenue567894$51.6M in 2025+93% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $26.7M$26.7M20192020: $24.4M$24.4M2020−8%2021: $42.4M$42.4M2021+74%2022: $70.0M$70.0M2022+65%2023: $30.7M$30.7M2023−56%2024: $31.5M$31.5M2024+3%2025: $51.6M$51.6M2025+64%
Operating income567894-$10.5M in 2025
-$20.0M0$20.0M$40.0M$60.0M2019: $8.2M$8.2M20192020: -$977.7K-$977.7K20202021: $20.6M$20.6M20212022: $47.0M$47.0M2022+128%2023: $5.4M$5.4M2023−88%2024: $3.4M$3.4M2024−37%2025: -$10.5M-$10.5M2025
Net income567894-$5.8M in 2025
-$20.0M0$20.0M$40.0M2019: $8.7M$8.7M20192020: $875.2K$875.2K2020−90%2021: $11.6M$11.6M2021+1229%2022: $35.4M$35.4M2022+204%2023: $6.9M$6.9M2023−80%2024: $1.9M$1.9M2024−72%2025: -$5.8M-$5.8M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total revenue$51.6M$31.5M
Lease operating expenses$12.5M$7.3M
Gathering system operating expenses$2.4M$2.3M
Depletion, depreciation, amortization, and accretion$12.2M$10.2M
Impairment expense$3.9M$1.5M
Loss on sale of oil and gas properties$19.3M$0
Transaction costs$2.9M$0
Stock based compensation expense$1.7M$1.2M
Other general and administrative expenses$7.2M$5.7M
Total operating costs and expenses$62.1M$28.1M
Operating (loss) income-$10.5M$3.4M
Interest income$188.4K$493.3K
Interest expense-$624.2K-$46.4K
Gain (loss) on derivative contracts, net$5.5M-$391.1K
Other income, net$16.6K$76.7K
Other income, net$5.1M$132.5K
Net (loss) income before income tax expense-$5.4M$3.6M
Income tax (benefit) expense$362.7K$1.6M
NET (LOSS) INCOME-$5.8M$1.9M
Currency translation adjustments-$136.7K$262.6K
Unrealized loss on securities$0-$1.6K
NET COMPREHENSIVE (LOSS) INCOME-$5.9M$2.2M
Net (loss) income per share, basic (in dollars per share)-$0.25$0.09
Net (loss) income per share, diluted (in dollars per share)-$0.25$0.09
Weighted average number of shares outstanding, basic (in shares)23.0M shares21.9M shares
Weighted average number of shares outstanding, diluted (in shares)23.0M shares21.9M shares

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Corporate structure

Epsilon Energy Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Epsilon Energy Ltd.

  • Epsilon Energy Ltd. Houston, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Epsilon Energy Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$1.2M4 Dec 31, 2025$637.8K4 Dec 31, 2024+93.2%
Property and equipment, net$192.4M4 Dec 31, 2025$104.5M4 Dec 31, 2024+84.1%
Operating-lease assets (leased space)$488.9K4 Dec 31, 2025$344.6K4 Dec 31, 2024+41.9%
Oil and gas properties$181.0M4 Dec 31, 2025$97.0M4 Dec 31, 2024+86.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.0M4 Dec 31, 2025$6.5M4 Dec 31, 2024+37.4%
Marketable securities, current$09 Dec 31, 2024$18.8M9 Dec 31, 2023−100.0%

Properties, in its own words

The information required by Item 2 is contained in ‘‘Item 1. Business – Properties.’’

Item 2 of the 10-K filed Mar 27, 2026.3

Leadership

Who has led Epsilon Energy Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Patrick Raleigh2019–2022
  2. Jason Stabell2022–now

Chief financial officer

  1. Andrew Williamson2022–now

Chief operating officer

  1. Henry N. Clanton2019–now
20202025
Board members and other officers (14)

Timeline

  1. Aug 18, 20268-K Regulation FD disclosure28
  2. Aug 13, 20268-K Regulation FD disclosure29
  3. Jun 18, 20268-K Entered a material agreement30
  4. Jun 1, 20268-K Regulation FD disclosure31
  5. May 20, 20268-K Shareholder vote32
  6. Jan 13, 20268-K Financial statements and exhibits33
  7. Nov 20, 20258-K Unregistered sale of shares; Regulation FD disclosure34
  8. Nov 14, 20258-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares35
  9. Oct 14, 20258-K Entered a material agreement; Regulation FD disclosure36
  10. Aug 13, 20258-K Entered a material agreement; Results of operations; Unregistered sale of shares37
  11. May 22, 20258-K Shareholder vote38
  12. Feb 13, 20258-K Regulation FD disclosure39
  13. Jul 8, 2022New chief executive Jason Stabell becomes CEO12
  14. Feb 25, 2019New chief executive Michael Patrick Raleigh becomes CEO13

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/202640

When it reported results

  1. Aug 13, 2025Reported quarterly or annual results37

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

219 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 22 major events, 119 insider forms, 25 large holders, 32 other. The latest 20:

  1. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Sep 14, 2026144 EDGAR
  3. Aug 25, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Aug 18, 20268-K EDGAR
  5. Aug 13, 20268-K EDGAR
  6. Aug 12, 202610-Q EDGAR
  7. Jul 8, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Jul 8, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Jun 25, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Jun 18, 20268-K EDGAR
  11. Jun 18, 2026424B5 EDGAR
  12. Jun 1, 20268-K EDGAR
  13. May 29, 2026144 EDGAR
  14. May 28, 2026144 EDGAR
  15. May 20, 20268-K EDGAR
  16. May 14, 2026SCHEDULE 13G EDGAR
  17. May 13, 202610-Q EDGAR
  18. Apr 17, 2026DEF 14A EDGAR
  19. Apr 6, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Apr 6, 20264 OWNERSHIP DOCUMENT EDGAR

The 219 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

81 open-market trades by officers, directors and large owners since October 2021: 37 buys and 44 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Stabell JasonChief Executive OfficerBuy13,467$5.93$79.9KForm 4
Sep 18, 2026Stabell JasonChief Executive OfficerBuy1,430$5.90$8.4KForm 4
Sep 16, 2026Stabell JasonChief Executive OfficerBuy8,207$5.88$48.3KForm 4
Aug 24, 2026Stabell JasonChief Executive OfficerBuy21,413$5.63$120.6KForm 4
Aug 21, 2026Stabell JasonChief Executive OfficerBuy4,900$5.56$27.2KForm 4
Jun 24, 2026Stabell JasonChief Executive OfficerBuy22,000$5.27$115.9KForm 4
Jun 22, 2026Stabell JasonChief Executive OfficerBuy28,000$5.33$149.2KForm 4
Mar 31, 2026Stabell JasonChief Executive OfficerBuy2,000$6.17$12.3KForm 4
Mar 30, 2026FREDERICK TUCKER GOLDEN10% ownerSale26,135$6.25$163.3KForm 4
Mar 30, 2026Stabell JasonChief Executive OfficerBuy12,000$6.22$74.6KForm 4
Mar 27, 2026FREDERICK TUCKER GOLDEN10% ownerSale26,000$6.21$161.5KForm 4
Mar 27, 2026Stabell JasonChief Executive OfficerBuy6,000$6.20$37.2KForm 4
Mar 26, 2026FREDERICK TUCKER GOLDEN10% ownerSale22,290$6.17$137.5KForm 4
Dec 22, 2025FREDERICK TUCKER GOLDEN10% ownerSale9,427$4.59$43.3KForm 4
Dec 22, 2025Stabell JasonChief Executive OfficerBuy19,100$4.59$87.7KForm 4
Dec 19, 2025FREDERICK TUCKER GOLDEN10% ownerSale40,000$4.63$185.2KForm 4
Dec 19, 2025Stabell JasonChief Executive OfficerBuy9,400$4.62$43.4KForm 4
Dec 18, 2025FREDERICK TUCKER GOLDEN10% ownerSale25,000$4.73$118.2KForm 4
Nov 20, 2025Stabell JasonChief Executive OfficerBuy9,700$4.77$46.3KForm 4
Nov 19, 2025Stabell JasonChief Executive OfficerBuy11,500$4.82$55.4KForm 4

All 81 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jason StabellCEO51$1.4M50
2025Andrew WilliamsonCFO38$839.1K50
2025Henry N. ClantonCOO63$720.0K50
2024Jason StabellCEO51$1.1M50
2024Andrew WilliamsonCFO38$641.5K50
2024Henry N. ClantonCOO63$588.3K50
2023Jason StabellCEO51$1.4M50
2023Andrew WilliamsonCFO38$744.5K50
2023Henry N. ClantonCOO63$471.8K50

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Solas Capital Management, LLC3,470,761$18.8M10.1%No change
Yorktown Energy Partners XI, L.P.2,869,560$15.5M14.4%No change
Yorktown Energy Partners X, L.P.2,656,705$14.4M30.2%No change
Yorktown Energy Partners Ix, L.P.1,181,124$6.4M17.7%No change
BlackRock, Inc.1,014,064$5.5M0.0%−15,695
Vanguard Capital Management LLC942,166$5.1M0.0%−9,329
Ballast Asset Management, LP806,322$4.4M1.7%−8,000
Dimensional Fund Advisors LP743,139$4.0M0.0%−70,111
Geode Capital Management, LLC576,513$3.1M0.0%+11,734
Punch & Associates Investment Management, Inc.506,880$2.7M0.1%+30,000
LPL Financial LLC504,191$2.7M0.0%+47,830
Morgan Stanley458,523$2.5M0.0%+22,180
Marshall Wace, Llp419,749$2.3M0.0%+94,214
Clayton Partners LLC367,953$2.0M1.3%No change
State Street Corp338,430$1.8M0.0%+4,688
Sei Investments Co282,209$1.5M0.0%−202,456
Dalton Investments, Inc.250,000$1.4M1.2%No change
Bridgeway Capital Management, LLC241,587$1.3M0.0%−78,827
American Century Companies Inc221,895$1.2M0.0%New
Aqr Capital Management LLC219,969$1.2M0.0%+140,552
International Assets Investment Management, LLC199,981$1.1M0.1%+9,599
Credit Agricole S A183,500$992.7K0.0%No change
Mcintyre Freedman & Flynn Investment Advisers Inc174,400$943.5K0.6%+5,000
Northern Trust Corp173,240$937.2K0.0%+18,874
De Lisle Partners LLP166,411$899.5K0.1%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Epsilon Energy Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREpsilon Energy Ltd.1
  • CIK0001726126
  • Employer ID (EIN)98-14763673
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inAlberta, Canada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address500 Dallas Street, Suite 1250, Houston, TX 770021
  • Phone281-670-00021
  • Shares outstanding30,283,779 as of Aug 11, 202611
  • Public float$133.7M as of Jun 30, 20253
  • AuditorBDO USA, P.C., Houston, Texas PCAOB ID 243; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceFeb 12, 20181
  • Filings326 in all: 4 (137), 8-K (30), 10-Q (23), 3 (20), SC 13G/A (15), CORRESP (11), SC 13G (11), UPLOAD (9)1
    All 43 form types

    10-K (8), DEF 14A (8), 144 (5), EFFECT (4), S-3 (3), SC TO-I/A (3), SCHEDULE 13G/A (3), 3/A (2), 4/A (2), DEFA14A (2), DRS (2), S-4/A (2), S-8 (2), SCHEDULE 13D (2), SCHEDULE 13G (2), 10-12B (1), 10-12B/A (1), 10-K/A (1), 424B3 (1), 424B5 (1), 8-K/A (1), CERT (1), DEFM14A (1), DRS/A (1), DRSLTR (1), PRE 14A (1), PREM14A (1), RW (1), S-4 (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SC TO-C (1), SC TO-I (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 17, 2026
    Latest 8-K (8-K) Aug 18, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueEPSNNASDAQ Global Market

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Epsilon Energy Ltd. names in Item 1A of its 10-K filed Mar 27, 2026: 41 risks under these headings, as written.3

  • Risks Related to Oil and Natural Gas Reserves
  • Our business is dependent on oil and natural gas prices, and any fluctuations or decreases in such prices could adversely affect our results of operations and financial condition.
  • Our long term commercial success depends on our ability to find, acquire, develop and commercially produce oil and natural gas reserves, the failure of which could result in under-use of capital and in losses.
  • Our reserve estimates may be inaccurate, and future net cash flows as well as our ability to replace any reserves are uncertain.
  • Risks Related to Stage of Development, Structure and Capital Resources
  • If there is a sustained economic downturn or recession in the United States or globally, natural gas and oil prices may fall and may become and remain depressed for a long period of time, which may adversely affect our results of operations. We may be unable to obtain additional capital required to implement our business plan, which could restrict our ability to sustain or grow our business.
  • Substantial capital, which may not be available to us in the future, is required to replace and grow reserves.
  • The borrowing base under our credit facility may be reduced in light of commodity price declines or reserve changes, which could limit us in the future.
  • The terms of our revolving credit facility may restrict our operations, particularly our ability to respond to changes or to take certain actions.
  • Depending on forces outside our control, we may need to allocate our available capital in ways that we did not anticipate.
  • We may issue debt to acquire assets or for working capital.
  • Future equity transactions could result in dilution to existing stockholders.
The other 31 risks
  • Competition in the natural gas and oil industry is intense, which may hinder our ability, and the ability of our third-party operating partners, to contract for drilling equipment, and we may not be able to control the scheduling and activities of contracted drilling equipment.
  • Results of our drilling are uncertain, and we may not be able to generate high returns.
  • Extensive government legislation and regulatory initiatives could increase costs and impose burdensome operating restrictions that may cause operational delays.
  • Our corporate structure could result in incremental tax burden in certain circumstances.
  • Our operations are currently geographically concentrated and therefore subject to regional economic, regulatory and capacity risks.
  • Delays in business operations may reduce cash flows and subject us to credit risks.
  • We depend on the successful acquisition, exploration and development of oil and natural gas properties to develop any future reserves and grow production and revenue in the future, and assessments of our assets may be subject to uncertainty.
  • We depend on third-party operators and our key personnel, and competition for experienced technical personnel may negatively affect our operations.
  • Our leasehold interests are subject to termination or expiration under certain conditions.
  • We may incur losses as a result of title deficiencies.
  • We may be exposed to third-party credit risk, and defaults by third parties could adversely affect us.
  • We may not be insured against all of the operating risks to which we are exposed.
  • Risks Related to Commodity Prices, Hedging and Marketing
  • Natural gas and oil prices fluctuate widely, and low prices for an extended period would likely have a material adverse effect on our business.
  • Hedging transactions may limit our potential gains or cause us to lose money.
  • Market conditions or operation impediments may hinder our access to natural gas and oil markets or delay our production.
  • We depend upon two significant purchasers for the sale of most of our oil and natural gas production in Wyoming. The loss of one or more of these purchasers could, among other factors, limit our access to suitable markets for the oil and natural gas we produce.
  • Investor sentiment towards climate change, fossil fuels, and sustainability could adversely affect our business and our share price.
  • We are subject to complex laws and regulations, including environmental regulations that can have a material adverse effect on the cost, manner and feasibility of doing business.
  • Environmental and health and safety risks may adversely affect our business.
  • Risks Related to Cybersecurity
  • We may be subject to interruptions or failures in our information technology systems.
  • We are subject to cybersecurity risks. A cyber incident could occur and result in information theft, data corruption, operational disruption and/or financial loss.
  • Risks Related to Internal Controls
  • We are a “smaller reporting company” and as a result of the reduced disclosure requirement applicable to smaller reporting companies, our common shares may be less attractive to investors.
  • If we fail to establish and maintain proper disclosure or internal controls, our ability to produce accurate financial statements and supplemental information or comply with applicable regulations could be impaired.
  • Risks Related to Gathering System
  • Because of the natural decline in production from existing wells, our success depends on the Anchor Shippers’ economically developing the remaining Marcellus Shale reserves in Pennsylvania.
  • Because of the large supply of gas, and limited availability of transportation out of Pennsylvania, our gas is subject to a price differential.
  • We compete with other operators in our gas gathering energy businesses.
  • Several of our assets that have been in service for many years may require significant expenditures to maintain them. As a result, our maintenance or repair costs may increase in the future.
  • We are exposed to the credit risk of our customers and counterparties, and our credit risk management will not be able to completely eliminate such risk.
  • Prices for natural gas in northeast Pennsylvania are volatile and are subject to significant discounts from pricing at Henry Hub. This discount and volatility has and could continue to adversely affect our financial results, cash flows, access to capital and ability to maintain our existing businesses.
  • The financial condition of our natural gas gathering businesses is dependent on the continued availability of natural gas supplies and demand for those supplies in the markets we serve.
  • Our operations are subject to operational hazards and unforeseen interruptions.
  • Risks Related to Our Business Combination

Legal proceedings

In 2025, Peak Powder River Resources LLC (“PPRR”), a Subsidiary of Peak Exploration & Production LLC (“Peak E&P”) filed a lawsuit against a contractor regarding alleged non-performance while running casing in a well in Wyoming. The Company is seeking damages due to its inability to complete the Leavitt Fed 2-9-4MH well. PPRR is in the process of scheduling arbitration

PPRR and Peak Powder River Acquisitions (“PPRA”), a subsidiary of Peak BLM Lease LLC (Peak BLM”), has intervened as a defendant-intervenor in litigation challenging BLM’s issuance of federal oil and gas leases acquired by the Company in 2017, 2018, and 2020. Plaintiffs allege deficiencies in BLM’s environmental review under NEPA. The Company intervened to protect its leasehold interests. Management does not believe the outcome will have a material adverse effect on the Company’s financial position.

Between September 30, 2025 and October 28, 2025, we received multiple demand letters on behalf of purported Epsilon stockholders (the “Demands”). The Demands primarily alleged that the Preliminary Proxy Statement filed on September 19, 2025 or the Definitive Proxy Statement filed on October 10, 2025, as applicable, failed to disclose certain material information with respect to the acquisition of Peak Exploration and Production, LLC, and Peak BLM Lease LLC.

On October 16, 2025, we received a copy of a complaint filed against Epsilon and certain members of Epsilon’s Board of Directors in the Supreme Court of the State of New York, County of New York, on behalf of purported Epsilon stockholder Anthony Morgan (the “Morgan Complaint”). On October 17, 2025, we received a copy of a complaint filed against Epsilon and certain members of Epsilon’s Board of Directors in the Supreme Court of the State of New York, County of New York, on behalf of purported Epsilon stockholder Richard Lawrence (the “Lawrence Complaint,” and together with the Morgan Complaint, the “Complaints”).

The opening of Item 3, Legal Proceedings.3

Sources

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