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On February 13, 2024, the judge ordered the parties to submit additional briefing related to on-site breaks.
−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 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 December 31, 2023, no amounts have been accrued.
+Added: A tentative settlement has been reached subject to the respective parties obtaining various approvals.
+Added: As of December 31, 2024, the estimated settlement liability amount has been accrued.
On June 8, 2022 a lawsuit was filed against various Hilton entities on behalf of a class of all hourly employees at all Hilton-branded managed properties in California, including Hilton La Jolla Torrey Pines.
−Removed: The complaint includes claims for unpaid wages, meal and rest break violations, and unreimbursed business expenses, along with various derivative claims including wage statement, final pay, and PAGA claims.
+Added: The complaint includes claims for unpaid wages, meal and rest break violations, and unreimbursed business expenses, along with various derivative claims including wage statement, final pay, and Private Attorneys General Act (“PAGA”) claims.
On November 30, 2023, Hilton mediated this litigation, but it did not result in a settlement.
−Removed: At the end of the mediation, the mediator submitted a mediator’s proposal for approximately $3.5 million, which the parties are still considering.
−Removed: The allocation to Hilton La Jolla Torrey Pines would be approximately $371,000, which has been accrued as of December 31, 2023.
+Added: At the end of the mediation, the mediator submitted a mediator’s proposal for approximately $3.5 million, which the parties have since agreed to.
+Added: The allocation to Hilton La Jolla Torrey Pines is approximately $401,000, which was accrued as of December 31, 2024.
+Added: On August 4, 2020, a lawsuit, Benjamin Zermeno v.
+Added: Beverly Hills Marriott, was filed in Alameda County Superior Court as a PAGA representative action alleging various wage and hour violations of all Remington Hospitality managed California properties.
+Added: The plaintiff’s individual claims were compelled to arbitration.
+Added: On August 18, 2022, another lawsuit, Cristina Catalano v.
+Added: Beverly Hills Marriott and Mr.
+Added: C, was filed as a PAGA representative action alleging various wage and hour violations of all Remington Hospitality managed California properties.
+Added: The co-defendant separately settled and the individual arbitration has also settled.
+Added: A private mediation was held on December 27, 2024 to globally resolve the three outstanding matters.
+Added: A tentative settlement was reached subject to the parties finalizing the agreement and court approval.
+Added: As of December 31, 2024, the estimated settlement liability amount has 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 Americans with Disability Act and similar state laws).
+Added: employment matters, tax matters and matters relating to compliance with applicable law (for example, the Americans with Disabilities Act and similar state laws).
The likelihood of loss from these legal proceedings is based on the definitions within contingency accounting literature.
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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: During the quarter ended September 30, 2023, we had a cyber incident that resulted in the potential exposure of certain employee personal information.
−Removed: We have completed an investigation and have identified certain employee information that may have been exposed, but we have not identified that any customer information was exposed.
+Added: During the quarter ended September 30, 2023, we had a cyber incident that resulted in the potential exposure of certain personal information.
+Added: We have completed an investigation and have identified certain information that may have been exposed and notified potentially impacted individuals pursuant to applicable state guidelines.
All systems have been restored.
−Removed: 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.
−Removed: In February of 2024, two class action lawsuits were filed related to the cyber incident.
−Removed: The suits are currently pending in the U.S.
+Added: In February of 2024, two class action lawsuits were filed, one in the U.S.
+Added: District Court for the Northern District of Texas and a second in the 68th District Court for Dallas County related to the cyber incident.
+Added: The lawsuit filed in the 68th District Court was subsequently dismissed and refiled in the U.S.
District Court for the Northern District of Texas.
−Removed: We intend to vigorously defend these matters and do not believe that any potential loss is reasonably estimable at this time.
−Removed: 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: On March 12, 2024, the court ordered the two cases be consolidated.
+Added: The consolidated case is currently pending in the U.S.
+Added: District Court for the Northern District of Texas.
+Added: The parties have reached an agreement, subject to final Court approval, to resolve the class action suit.
+Added: The amount of the class settlement is approximately $485,000.
+Added: expects the entire settlement amount to be reimbursed through insurance coverage.
+Added: The hearing for final Court approval of the settlement is scheduled for August 27, 2025.
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.
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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.