Legal Proceedings
−Removed: On March 23, 2025, a complaint
−Removed: was filed against our wholly owned Israeli subsidiary, Duke Israel, by LOOL T.V.
−Removed: (the “Plaintiff”), an Israeli company,
−Removed: in the Tel Aviv-Yafo Magistrate’s Court (Case No.
+Added: March 23, 2025, a complaint was filed against our wholly owned Israeli subsidiary, Duke Israel, by LOOL T.V.
+Added: (the “Plaintiff”),
+Added: an Israeli company, in the Tel Aviv-Yafo Magistrate’s Court (Case No.
60460-03-25).
−Removed: The complaint asserts that pursuant to an agreement of principles
−Removed: between Duke Israel and the Plaintiff, Duke Israel is in breach of the agreement, specifically with respect to an allegation that the
−Removed: parties were required to set up a partnership with respect to certain services provided to the IEC.
−Removed: The complaint asserts a claim for
−Removed: breach of contract, unlawful use of intellectual property that is not exclusively owned by Duke Israel and unjust enrichment with regards
−Removed: to the agreement of principles.
−Removed: In addition, the Plaintiff’s complaint seeks an order for a permanent injunction to prevent Duke
−Removed: Israel from continuing providing these services to the IEC, and an order to enforce the agreement of principles ordering Duke Israel to
−Removed: act as necessary to establish a partnership or joint venture.
−Removed: We believe that the allegations
−Removed: are baseless and without merit and intend to vigorously defend our rights.
−Removed: In addition, the complaint does not impact the continued performance
−Removed: of the agreement between Duke Israel and IEC, and we do not believe the complaint will have a material effect on our business, financial
−Removed: condition or results of operations.
+Added: The complaint asserts that pursuant to an agreement
+Added: of principles between Duke Israel and the Plaintiff, Duke Israel is in breach of the agreement, specifically with respect to an allegation
+Added: that the parties were required to set up a partnership with respect to certain services provided to the IEC.
+Added: The complaint asserts a claim
+Added: for breach of contract, unlawful use of intellectual property that is not exclusively owned by Duke Israel and unjust enrichment with
+Added: regards to the agreement of principles.
+Added: In addition, the Plaintiff’s complaint seeks an order for a permanent injunction to prevent
+Added: Duke Israel from continuing providing these services to the IEC, and an order to enforce the agreement of principles ordering Duke Israel
+Added: to act as necessary to establish a partnership or joint venture.
+Added: The Company has filed a statement of defense against the complaint and
+Added: believe that the allegations are baseless and without merit and intend to vigorously defend our rights.
+Added: In addition, the complaint does
+Added: not impact the continued performance of the agreement between Duke Israel and IEC, and we do not believe the complaint will have a material
+Added: effect on our business, financial condition or results of operations.
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.