7 unchanged sentences
Fischer, our Chief Financial Officer.
−Removed: The complaint asserts a putative class period from March 24, 2021 and April 3, 2024, inclusive (the “Class Period”).
−Removed: The complaint asserts that the defendants issued materially false and misleading statements about our business and financial condition in certain filings made with the SEC during the Class Period, 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.
−Removed: The Court has ordered the case to be transferred to the Northern District of California, where our headquarters is located.
−Removed: It is not possible at this time to reasonably assess the final outcome of this litigation or reasonably to estimate the possible loss or range of loss with respect to this litigation.
+Added: The court transferred the case to the Northern District of California, where our headquarters is located.
+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.
+Added: The motion to dismiss is due on November 8, 2024.
+Added: Derivative Action
+Added: On August 22, 2024, a derivative lawsuit was filed in the Northern District of California by a shareholder against Morris S.
+Added: Young, our Chief Executive Officer, Gary L.
+Added: Fischer, our Chief Financial Officer, current directors David C.
+Added: Chang, Jesse Chen, and Christine Russell, and former director Leonard J.
+Added: LeBlanc, with the Company named as a nominal defendant.
+Added: The 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 motion to dismiss is due on November 15, 2024.
+Added: It is not possible at this time to reasonably assess the final outcomes of these litigations or reasonably to estimate the possible loss or range of loss with respect to these litigations.
Management believes these claims to be meritless and intends 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.