Item 1. Legal Proceedings
Item 1. Legal Proceedings.
On December 13, 2019, a former employee of the Company filed a complaint in San Diego County Superior Court, captioned Adonary Munoz v. Arcturus Therapeutics, Inc., et al , Case No. 37-2019-00066358-CU-PO-CTL. The lawsuit alleges sexual assault by
an acquaintance of one of our employees and seeks to hold the Company liable on a number of causes of action. On January 17, 2020, a second amended complaint (“SAC”) was filed seeking $30.0 million in damages, including punitive damages and damages for
emotional distress. The plaintiff has agreed to stipulate to arbitration for the claims being alleged against the Company. The Company
believes the allegations of Ms. Munoz against the Company in her complaint are without merit, and intends to vigorously defend itself
in the foregoing action. However, in light of the preliminary stage of the litigation, the Company is unable to estimate a potential loss or range of losses relating to this matter.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.