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The opt out period has been extended until such time that discovery has concluded.
+Added: In May 2023 the trial court requested additional briefing from the parties to determine whether the case should be maintained, dismissed, or the class de-certified.
+Added: The trial court set a due date of August 7, 2023 for the briefs.
If this litigation goes to trial, we expect that the earliest the trial would occur is the last quarter of 2023, based on various extensions to which the parties have agreed.
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 in the applicable California employment laws, we do not believe that any potential loss to the Company is reasonably estimable at this time.
−Removed: As of March 31, 2023, no amounts have been accrued.
+Added: As of June 30, 2023, no amounts have been accrued.
We are also engaged in other legal proceedings that have arisen but have not been fully adjudicated.
To the extent the claims giving rise to these legal proceedings are not covered by insurance, they relate to the following general types of claims:
−Removed: employment matters, tax matters and matters relating to compliance with applicable law (for example, the ADA and similar state laws).
−Removed: The likelihood of loss from these legal proceedings is based on the definitions within contingency accounting literature.
+Added: employment matters, tax matters and matters relating to compliance with applicable law (for example, the Americans with Disability Act and similar state laws).
+Added: The likelihood of loss from these legal proceedings is based on the definitions within
+Added: contingency accounting literature.
We recognize a loss when we believe the loss is both probable and reasonably estimable.
−Removed: Based on the information available to us relating to these legal proceedings and/or our experience in similar legal proceedings, we do not believe the
−Removed: ultimate resolution of these proceedings, either individually or in the aggregate, will have a material adverse effect on our consolidated financial position, results of operations, or cash flow.
+Added: Based on the information available to us relating to these legal proceedings and/or our experience in similar legal proceedings, we do not believe the ultimate resolution of these proceedings, either individually or in the aggregate, will have a material adverse effect on our consolidated financial position, results of operations, or cash flow.
However, our assessment may change depending upon the development of these legal proceedings, and the final results of these legal proceedings cannot be predicted with certainty.
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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.