Legal Proceedings.
−Removed: A wholly-owned subsidiary of ours that owns a property in Houston, TX is named as a defendant, along with multiple defendants in an action (Takakura et al.
+Added: As previously reported, a wholly-owned subsidiary of ours that owns a property in Houston, TX was named as a defendant, along with multiple other defendants, in a wrongful death action entitled Takakura et al.
Houston Pizza Venture, LP, and Papa John’s USA., Inc.
et.al., 129th Judicial District, Harris County, TX, Cause No.
−Removed: 2019-42425), alleging the wrongful death as a result of a homicide of a delivery person at our property.
−Removed: The complaint seeks compensatory damages in an unspecified amount in excess of $1 million and an unspecified amount of exemplary damages.
−Removed: Our primary insurance carrier is defending the claim;
−Removed: we believe we have sufficient primary and umbrella insurance to cover the claim for compensatory damages.
−Removed: Insurance generally does not cover claims for exemplary damages.
+Added: 2019-42425 (the "Takakura Lawsuit").
+Added: The lawsuit has been settled, all claims against us were released and our share of the settlement costs were covered by our insurance policy.
+Added: From time to time, we are party to legal proceedings that arise in the ordinary course of our business, and in particular, personal injury claims involving the operations of our properties.
+Added: Although we believe that the primary and umbrella insurance coverage maintained with respect to our properties is sufficient to cover claims for compensatory damages, many of these personal injury claims also assert exemplary( i.e;
+Added: punitive) damages.
+Added: Generally, insurance does not cover claims for exemplary damages and we may be adversely affected if claims for exemplary damages are asserted successfully.
+Added: See Note 12 of our Consolidated Financial Statements.
Mine Safety Disclosures.
1 unchanged sentence
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.