3 unchanged sentences
While the outcome of litigation cannot be predicted with certainty, and some of these lawsuits, claims or proceedings may be determined adversely to the Company, management does not believe that the disposition of any such pending matters is likely to have a material adverse effect on the Company’s financial condition or liquidity, although the resolution in any reporting period of one or more of these matters could have a material adverse effect on the Company’s results of operations for that period.
−Removed: ATI Titanium LLC (ATI Titanium), a subsidiary of ATI Inc., was party to a lawsuit captioned US Magnesium, LLC v.
−Removed: ATI Titanium LLC (Case No.
−Removed: 2:17-cv-00923-DB) and filed in federal district court in Salt Lake City, UT, pertaining to a Supply and Operating Agreement between US Magnesium LLC (USM) and ATI Titanium entered into in 2006 (the Supply Agreement).
−Removed: In 2016, ATI Titanium notified USM that it would suspend performance under the Supply Agreement in reliance on certain terms and conditions included in the Supply Agreement.
−Removed: USM subsequently filed a claim challenging ATI Titanium’s right to suspend performance under the Supply Agreement.
−Removed: ATI Titanium and USM reached a settlement for $ 28.5 million.
−Removed: The Company recorded a $ 28.5 million litigation reserve on this matter for the nine months ended September 2022, of
−Removed: which $ 19.9 million was recorded in the third quarter of 2022.
−Removed: Based on the terms of the settlement, the Company expects to pay the $ 28.5 million in the fourth quarter of 2022.
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.