Legal Proceedings.
−Removed: From time to time, we are involved in various legal proceedings arising from the normal course of business activities.
−Removed: Defending such proceedings is costly and can impose a significant burden on management and employees.
−Removed: We may receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained.
−Removed: Notwithstanding the foregoing, any litigation pending against us and any claims that could be asserted against us that arose prior to December 21, 2022, (subject to certain exceptions) are automatically stayed as a result of the commencement of the Chapter 11 Cases pursuant to Section 362(a) of the Bankruptcy Code, subject to certain statutory exceptions.
+Added: We are involved in lawsuits and other contingencies in the ordinary course of business.
+Added: While the outcome of such contingencies cannot be predicted with certainty, we believe that the liabilities arising from these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.
+Added: However, to the extent the liability arising from the ultimate resolution of any matter exceeds our estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.
+Added: For a description of our material pending legal proceedings, please see Note 10 — Commitments and Contingencies , to our consolidated financial statements in Item 8 of Part II of this Annual Report on Form 10-K .
Please refer to the discussions contained in our Item 1.
−Removed: – Business under the subtitle “Chapter 11 Reorganization” and “Chapter 11 Filing”;
+Added: – “Business” under the subtitle “Emergence from Bankruptcy”;
“Risk Factors”;
— “Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities”;
−Removed: - Management’s Discussion and Analysis of Financial Condition and Results of Operations under the subtitle “Chapter 11 Filing and Other Related Matters”;
−Removed: and our Notes to Consolidated Financial Statements;
−Removed: as well as elsewhere in this report on Form 10-K for further information regarding the commencement of the aforementioned Chapter 11 Cases.
+Added: — “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the
+Added: subtitles “Recent Developments” and “Chapter 11 Filing and Other Related Matters - Pre-Emergence”;
+Added: and our Notes to
+Added: Consolidated Financial Statements;
+Added: as well as elsewhere in this Annual Report on Form 10-K for further information regarding the commencement of the aforementioned Company’s emergence from bankruptcy and satisfaction and extinguishment of claims in the Chapter 11 Cases.
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.