1 unchanged sentence
From time to time we may be involved in judicial or administrative proceedings concerning matters arising in the ordinary course of business.
−Removed: We do not expect that any of these matters, individually or in the aggregate, will have a material adverse effect on our business, financial condition, cash flows or results of operation.
+Added: We do not expect that any of these matters, individually or in the aggregate, will have a material adverse effect on our business, financial condition, cash flows or results of operations.
Shareholder Class Action
4 unchanged sentences
The court transferred the case to the Northern District of California, where our headquarters are located.
−Removed: A lead plaintiff was appointed and an amended complaint was filed, asserting a putative class period from March 24, 2021 and April 3, 2024, inclusive (the “Class Period”).
−Removed: The amended complaint alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 promulgated thereunder by the defendants, and sought unspecified monetary relief, interest, and attorneys’ fees.
−Removed: On November 8, 2024, Defendants moved to dismiss.
−Removed: The Court granted the motion to dismiss with leave to amend on May 28, 2025, holding that the plaintiffs failed to state a claim.
−Removed: Plaintiffs filed a second amended complaint on June 27, 2025, asserting the same claims as in the prior complaint.
−Removed: On July 11, 2025, Defendants again moved to dismiss.
+Added: A lead plaintiff has been appointed and an amended complaint was filed.
+Added: The amended complaint asserts a putative class period from March 24, 2021 and April 3, 2024, inclusive (the “Class Period”).
+Added: The amended complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 promulgated thereunder by the defendants, and seeks unspecified monetary relief, interest, and attorneys’ fees.
Defendants’ motion to dismiss is fully briefed and pending before the Court.
11 unchanged sentences
The Court entered judgment on April 14, 2025.
−Removed: On May 13, 2025, Plaintiffs filed a notice of appeal.
−Removed: It is not possible at this time to reasonably assess the final outcome of the putative shareholder class action or to reasonably estimate the possible loss or range of loss with respect to that litigation.
+Added: On May 13, 2025, Plaintiffs appealed to the Court of Appeals for the Ninth Circuit, which the parties are currently briefing.
+Added: 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.
We believe these claims to be meritless and intend to vigorously defend against them.
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.