1 unchanged sentence
In April 2024, we received a cease and desist letter alleging copyright infringement and related claims.
−Removed: 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.
−Removed: The accrual for estimated losses is based on currently available information and may change as new information becomes available or circumstances change.
+Added: On July 23, 2025, we entered into a final settlement agreement for this matter, wherein we agreed to pay, or have our insurers pay to the claimant on our behalf, a total of $16.5 million to the claimant in settlement costs.
+Added: As part of the final settlement agreement, the Company paid $1.1 million and subsequently released the remaining $0.9 million previously accrued for this matter.
In addition, we are subject to legal proceedings which arise in the ordinary course of business.
6 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.