LEGAL PROCEEDINGS
+Added: On July 30, 2021, a putative securities class action lawsuit was commenced in the U.S.
+Added: District Court for the Northern District of California naming as defendants Ardelyx and two current officers.
+Added: The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 thereunder, by making false and misleading statements and omissions of material fact related to tenapanor.
+Added: The plaintiff seeks to represent all persons who purchased or otherwise acquired Ardelyx securities between August 6, 2020, and July 19, 2021.
+Added: The plaintiff seeks damages and interest, and an award of costs, including attorneys’ fees.
+Added: We believe the plaintiff’s claims are without merit and we have not recorded any accrual for a contingent liability associated with these legal proceedings.
From time to time, we may be involved in legal proceedings arising in the ordinary course of business.
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.