1 unchanged sentence
Information regarding reportable legal proceedings is contained in Part I, Item 3, Legal Proceedings , in the Form 10-K.
−Removed: The following describes legal proceedings, if any, that became reportable during the period ended December 28, 2019 , and, if applicable, amends and restates descriptions of previously reported legal proceedings in which there have been material developments during such quarter.
−Removed: Since August 2018, the Company has been cooperating with an investigation by the SEC's enforcement staff in Los Angeles regarding trading in another public company’s securities by the Company, its former Chief Executive Officer and others outside the Company.
−Removed: The Audit Committee conducted and completed an internal investigation led by independent legal counsel and other advisers to assess the Company's trading.
−Removed: The results of the Audit Committee’s work have been shared with the Company’s auditors, listing exchange and with the SEC staff.
−Removed: The Company has also made internal records and personnel available to the SEC staff and intends to continue cooperating with the SEC on this matter.
−Removed: The Company is party to certain other legal proceedings that arise in the ordinary course and are incidental to the Company's business.
−Removed: Certain of the claims pending against the Company in these proceedings allege, among other things, breach of contract, construction defect, deceptive trade practices, unfair insurance practices, product liability and warranty, personal injury and employment.
−Removed: Although litigation is inherently uncertain, based on past experience and the information currently available, except as discussed above, management does not believe that the currently pending and threatened litigation or claims will have a material adverse effect on the Company's consolidated financial position, liquidity or results of operations.
+Added: The following describes legal proceedings, if any, that became reportable during the period ended June 27, 2020, and, if applicable, amends and restates descriptions of previously reported legal proceedings in which th ere have been material developments during such quarter.
+Added: Since 2018, the Company has been cooperating with an investigation by the enforcement staff of the SEC regarding trading in personal and Company accounts directed by the Company's former CEO, Joseph Stegmayer.
+Added: The Audit Committee of the Board of Directors conducted an internal investigation led by independent legal counsel and other advisers and, following the completion of its work in early 2019, the results of the Audit Committee's work were shared with the Company's auditors, listing exchange and with the SEC staff.
+Added: The Company continues to make documents and personnel available to the SEC staff and intends to continue cooperating with its investigation.
+Added: Cavco Industries, Inc., was filed in the Superior Court for the State of California, Riverside on June 25, 2019 and Malik Griffin v.
+Added: Fleetwood Homes, Inc ., was filed in the Superior Court for the State of California, San Bernardino on September 19, 2019, seeking recovery on behalf of a putative class of current and former hourly employees for certain alleged wage-and-hour violations, including, among other things:
+Added: (i) alleged failure to comply with certain wage statement formatting requirements;
+Added: (ii) alleged failure to compensate employees for straight-time and overtime hours worked;
+Added: and (iii) alleged failure to provide employees with all requisite work breaks.
+Added: The Company is party to certain other lawsuits in the ordinary course of business.
+Added: Based on management's present knowledge of the facts and (in certain cases) advice of outside counsel, management does not believe that loss contingencies arising from pending matters are likely to have a material adverse effect on the Company's consolidated financial position, liquidity or results of operations after taking into account any existing reserves, which reserves are included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets.
However, future events or circumstances that may currently be unknown to management will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on the Company's consolidated financial position, liquidity or results of operations in any future reporting periods.
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.