Legal Proceedings
−Removed: In the normal course of business, the Company and the Bank are involved as plaintiff or defendant in various legal actions.
−Removed: In our opinion, after consultation with legal counsel, we believe it unlikely that such pending legal actions will have a material adverse effect on our financial condition, results of operations or liquidity.
+Added: In the normal course of business, the Company and the Bank are involved as parties to various legal actions.
+Added: In our opinion, after consultation with legal counsel, we believe it is unlikely that any such pending legal actions will have a material adverse effect on our financial condition, results of operations or liquidity.
On November 2, 2022, the Bank was served a putative class action lawsuit, captioned Jennifer Harding, et al.
3 unchanged sentences
On April 5, 2023, the court granted the Bank's motion to dismiss the complaint, with prejudice.
−Removed: The plaintiff has appealed this decision.
+Added: The plaintiffs have appealed this decision.
+Added: The Company assesses the liabilities and loss contingencies in connection with pending or threatened legal and regulatory proceedings on at least a quarterly basis and establishes accruals when it is believed to be probable that a loss may be incurred and that the amount of such loss can be reasonably estimated.
+Added: There have been no changes to our risk factors disclosed in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023.
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.