LEGAL PROCEEDINGS
−Removed: We are subject to legal proceedings which arise in the ordinary course of business.
−Removed: In the opinion of management, the amount of ultimate liability with respect to these legal proceedings is not expected to have a material adverse impact on our financial position or results of operations and cash flows.
−Removed: While we currently believe that the ultimate outcome of such legal proceedings, individually and in the aggregate, will not have a material adverse effect on our financial position or results of operations, litigation is subject to inherent uncertainties.
+Added: In April 2024, we received a cease and desist letter alleging copyright infringement and related claims.
+Added: This matter has not proceeded to litigation as of the date hereof, and we have accrued $2.0 million to general and administrative expenses for current estimated losses in connection with these claims.
+Added: The accrual for estimated losses is based on currently available information and may change as new information becomes available or circumstances change.
+Added: In addition, we are subject to legal proceedings which arise in the ordinary course of business.
+Added: Litigation is subject to inherent uncertainties.
+Added: We currently are not certain whether the ultimate outcome of such legal proceedings, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations or cash flows.
If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on our results of operations in the period in which the ruling occurs.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.