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Young, our Chief Executive Officer, Gary L.
−Removed: Fischer, our Chief Financial Officer, current directors David C.
+Added: Fischer, our Chief Financial Officer, then-serving directors David C.
Chang, Jesse Chen, and Christine Russell, and former director Leonard J.
1 unchanged sentence
Defendants moved to dismiss on November 6, 2024, following which the plaintiff filed an amended complaint on November 20, 2024.
−Removed: The amended complaint asserts that the Defendants breached their fiduciary duties to the Company based on the allegations asserted in the original complaint in the putative shareholder class action.
+Added: The amended complaint asserted that the Defendants breached their fiduciary duties to the Company based on the allegations asserted in the original complaint in the putative shareholder class action.
On November 27, 2024, Defendants again moved to dismiss.
−Removed: The motion to dismiss is fully briefed and pending before the Court.
+Added: On March 17, 2025, the Court granted our motion to dismiss, holding that the plaintiff did not make a pre-suit demand on our Board of Directors and failed to plead with particularity facts sufficient to excuse the lack of a demand and also for failure to state a claim.
+Added: On April 11, 2025, the plaintiff filed a notice that he did not intend to further amend his complaint.
+Added: The Court entered judgment on April 14, 2025.
+Added: On May 13, 2025, Plaintiffs appealed to the Court of Appeals for the Ninth Circuit, which the parties are currently briefing.
It is not possible at this time to reasonably assess the final outcomes of these litigations or to reasonably estimate the possible loss or range of loss with respect to these litigations.
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.