Legal Proceedings.
−Removed: From time to time, we may be subject to various legal proceedings and claims that arise in the ordinary course of our business activities.
+Added: From time to time, we may become involved in litigation arising in the ordinary course of business.
Regardless of the outcome, litigation can have a material adverse effect on us due to defense and settlement costs, diversion of our management resources, and other factors.
−Removed: We are not currently subject to any material legal proceedings.
+Added: On February 10, 2023, a putative class action lawsuit was filed in the U.S.
+Added: District Court for the Northern District of California against our company and certain of our officers and current and former members of our board of directors, Greenhalgh v.
+Added: Caribou Biosciences, Inc., et al., Case Number 3:23-cv-00609-VC (the “Greenhalgh Case”).
+Added: The Greenhalgh Case was voluntarily dismissed on March 16, 2023.
+Added: On April 11, 2023, a putative class action lawsuit was filed in the U.S.
+Added: District Court for the Northern District of California against our company and certain of our officers and current and former members of our board of directors, Bergman v.
+Added: Caribou Biosciences, Inc., et al., Case Number 4:23-cv-01742-YGR (the “Bergman Case”).
+Added: The Bergman complaint challenges disclosures regarding our company’s business, operations, and prospects, specifically with respect to the alleged durability of CB-010’s therapeutic effect and the product candidate’s clinical and commercial prospects, in alleged violation of Sections 11 and 15 of the Securities Act of 1933, as amended (the “Securities Act”) and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended.
+Added: The allegations and claims asserted in the Bergman Case are the same allegations and claims asserted in the Greenhalgh Case.
+Added: Plaintiff in the Bergman Case has filed a motion to consolidate the Bergman Case with the Greenhalgh case, and that motion is pending.
+Added: On March 22, 2023, a putative class action lawsuit was filed in Superior Court of the State of California for the County of Alameda against our company and certain of our officers and current and former members of our board of directors, Lowry v.
+Added: Caribou Biosciences, Inc., et al., Case Number T23-1084 (the “Lowry Case”).
+Added: The Lowry Case challenges disclosures regarding our company’s business, operations, and prospects, specifically with respect to the alleged durability of CB-010’s therapeutic effect and the product candidate’s clinical and commercial prospects, in alleged violation of Sections 11 and 15 of the Securities Act.
+Added: The allegations and claims in the Lowry Case are substantially similar to the Securities Act claims asserted in the Bergman and Greenhalgh Cases.
+Added: On April 26, 2023, we filed a motion to stay the Lowry Case during the pendency of the parallel federal court litigation in the Bergman Case and the Greenhalgh Case.
+Added: We believe all of these lawsuits are without merit.
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.