Commitments and Contingencies

3 Months Ended

Mar. 03, 2012

Commitments and Contingencies

Commitments and Contingencies

12.   Commitments and Contingencies

As of March 3, 2012, Griffin had committed purchase obligations of $7.9 million, principally for the construction of a 228,000 square foot industrial building in Pennsylvania, master planning of Griffin Land’s industrial properties and the purchase of plants and raw materials by Imperial.

Griffin is involved, as a defendant, in various litigation matters arising in the ordinary course of business.  In the opinion of management, based on the advice of legal counsel, the ultimate liability, if any, with respect to these matters is not expected to be material, individually or in the aggregate, to Griffin’s consolidated financial position, results of operations or cash flows.