9 unchanged sentences
and Canada related to the Security Incident (none of which have as yet been filed in court).
+Added: In June 2022, we also received notice of a proposed claim on behalf of a number of U.K.
+Added: data subjects, which we are reviewing.
In addition, insurance companies representing various customers’ interests through subrogation claims have contacted us.
8 unchanged sentences
(See Note 10 to our unaudited, condensed consolidated financial statements included in this report for a more detailed description of the Security Incident and related matters.)
−Removed: First Quarter 2022 Form 10-Q
+Added: Second Quarter 2022 Form 10-Q
Blackbaud, Inc.
5 unchanged sentences
Significant management time and Company resources have been, and are expected to continue to be, devoted to the Security Incident.
−Removed: For example, we currently expect net cash outlays of $25 million to $35 million for ongoing legal fees related to the Security Incident for full year 2022.
−Removed: Although we carry insurance against certain losses related to the Security Incident, we exceeded the limit of that insurance coverage during the first quarter of 2022.
+Added: For example, we currently expect net cash outlays of approximately $15 million to $25 million for ongoing legal fees related to the Security Incident for full year 2022.
+Added: For full year 2022, we currently expect net pre-tax expense of approximately $30 million to $35 million for ongoing legal fees related to the Security Incident.
+Added: Although we carry insurance against certain losses related to the Security Incident, we have exceeded the limit of that insurance coverage.
As a result, we will be responsible for all expenses or other losses (including penalties, fines or other judgments) or all types of claims that may arise in connection with the Security Incident, which could materially and adversely affect our liquidity and results of operations.
3 unchanged sentences
In addition, publicity or developments related to the Security Incident could in the future have a range of other adverse effects on our business or prospects, including causing or contributing to loss of customer confidence, reduced customer demand, reduced customer retention, strategic growth opportunities, and associated retention and recruiting difficulties, some or all of which could be material.
−Removed: First Quarter 2022 Form 10-Q
+Added: Second Quarter 2022 Form 10-Q
Blackbaud, Inc.
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.