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.
−Removed: Please refer to the discussion contained in Note 3 — Chapter 11 Filing and Other Related Matters and Note 8 — Commitments and Contingencies to our unaudited consolidated financial statements in Item 1 of Part I of this report.
−Removed: There have been no material changes to the risk factors set forth in Part I, Item 1A., “Risk Factors,” in the Company’s Annual Report on Form 10-K for fiscal year December 31, 2022, which was filed with the United States Securities and Exchange Commission on April 4, 2023.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Defaults Upon Senior Securities
−Removed: Mine Safety Disclosures
−Removed: Not applicable.
+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 9 — Commitments and Contingencies , to our unaudited consolidated financial statements in Item 1 of Part I of this Quarterly Report on Form 10-Q .
+Added: Please refer to the discussions contained in our Annual Report on Form 10-K for the year ended December 31, 2023 within Item 1.
+Added: – “Business” under the subtitle “Emergence from Bankruptcy”;
+Added: — “Risk Factors”;
+Added: — “Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities;
+Added: — “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the subtitles “Recent Developments” and “Chapter 11 Filing and Other Related Matters - Pre-Emergence”;
+Added: our Notes to Unaudited Consolidated Financial Statements in the Quarterly Report on Form 10-Q;
+Added: as well as elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 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.
+Added: For a discussion of our risk factors, see Part 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for fiscal year December 31, 2023, which was filed with the United States Securities and Exchange Commission on March 13, 2024.
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.