7 unchanged sentences
Second, Accor asserts a counterclaim for breach of contract on the basis that Ashford TRS Chicago II breached the management agreement by wrongfully maintaining that the Cure Amount for the 2018 and 2019 Performance Test failure is $1,031,549 instead of $535,120.
−Removed: As of June 30, 2021, no amounts have been accrued.
+Added: As of September 30, 2021, no amounts have been accrued.
One of the Company’s hotel management companies is currently involved in litigation regarding its employment policies and practices at multiple California hotels, including one of the Company’s hotels.
1 unchanged sentence
however, it is entitled to indemnification for a portion of such loss.
−Removed: As of June 30, 2021, approximately $500,000 has been accrued.
+Added: As of September 30, 2021, approximately $500,000 has been accrued.
In June 2020, each of the Company, Ashford Trust, Ashford Inc., and Lismore, a subsidiary of Ashford Inc.
11 unchanged sentences
Notices to potential class members were sent out on February 2, 2021.
−Removed: Potential class members had until April 4, 2021 to opt out of the class, however, the total number of employees in the class has not been definitively determined and is the subject of continuing discovery.
−Removed: While we believe it is reasonably possible that we may incur a loss associated with this litigation, because there remains uncertainty under California law with respect to a significant legal issue, discovery relating to class members continues, and the trial judge retains discretion to award lower penalties than set forth
−Removed: in the applicable California employment laws, we do not believe any potential loss to the Company is reasonably estimable at this time.
−Removed: As of June 30, 2021, no amounts have been accrued.
−Removed: As of June 30, 2021, the Company has an $800,000 receivable from Ashford Trust, included in Due from related parties, net.
+Added: Potential class members had until April 4, 2021 to opt out of the class;
+Added: however, the total number of employees in the class has not been definitively determined and is the subject of continuing discovery.
+Added: While we believe it is reasonably possible that we may incur a loss associated with this litigation, because there remains uncertainty under California law with respect to a significant legal
+Added: issue, discovery relating to class members continues, and the trial judge retains discretion to award lower penalties than set forth in the applicable California employment laws, we do not believe any potential loss to the Company is reasonably estimable at this time.
+Added: As of September 30, 2021, no amounts have been accrued.
+Added: As of September 30, 2021, the Company has an $800,000 receivable from Ashford Trust, included in Due from related parties, net.
The receivable relates to a legal settlement between Ashford Trust and the City of San Francisco regarding a transfer tax matter associated with the transfer of The Clancy from Ashford Trust to Braemar upon Braemar’s 2013 spin-off from Ashford Trust.
10 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.