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