10 unchanged sentences
The trial court set a due date of August 7, 2023 for the briefs.
−Removed: 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.
+Added: After submission of the briefs, the court requested that the parties submit stipulations for the court to rule upon.
+Added: If this litigation goes to trial, we expect that the earliest which 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 June 30, 2023, no amounts have been accrued.
+Added: As of September 30, 2023, no amounts have been accrued.
We are also engaged in other legal proceedings that have arisen but have not been fully adjudicated.
1 unchanged sentence
employment matters, tax matters and matters relating to compliance with applicable law (for example, the Americans with Disability Act and similar state laws).
−Removed: The likelihood of loss from these legal proceedings is based on the definitions within
−Removed: contingency accounting literature.
+Added: The likelihood of loss from these legal proceedings is based on the definitions within contingency accounting literature.
We recognize a loss when we believe the loss is both probable and reasonably estimable.
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.
−Removed: 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.
−Removed: If we do not prevail in one or more of these legal matters, and the associated realized losses exceed our current estimates of the range of potential losses, our consolidated financial position, results of operations, or cash flows could be materially adversely affected in future periods.
+Added: During the quarter ended September 30, 2023, we had a cyber incident that resulted in the potential exposure of certain employee personal information.
+Added: We have completed an investigation and have identified certain employee information may have been exposed, but we have not identified that any customer information was exposed.
+Added: Systems have been substantially restored with minimal effect on certain hotel operations.
+Added: We believe that we maintain a sufficient level of insurance coverage related to such events, and the related incremental costs incurred to date are immaterial.
+Added: It is reasonably possible that the Company may incur additional costs related to the matter, but we are unable to predict with certainty the ultimate amount or range of potential loss.
+Added: At this time, no litigation has been filed nor has any been threatened.
+Added: Our assessment may change depending upon the development of any current or future legal proceedings, and the final results of such legal proceedings cannot be predicted with certainty.
+Added: If we ultimately do not prevail in one or more of these legal matters, and the associated realized losses exceed our current estimates of the range of potential losses, our consolidated financial position, results of operations, or cash flows could be materially adversely affected in future periods.
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.