10 unchanged sentences
On May 15, 2020, the plaintiffs filed their opposition to the defendants' motion to dismiss, and on June 15, 2020, the defendants filed their reply brief.
−Removed: Briefing on the defendants' motion is now complete, and the motion is under consideration by the court.
+Added: Briefing on defendants' motion is now complete, and the motion is under consideration by the court.
+Added: Recently, the Company has engaged in preliminary discussions with a shareholder regarding a demand letter previously received by the Board of Directors from such shareholder, largely relating to the subject matters covered by the putative class action lawsuit described above.
+Added: The letter demanded that the Board undertake an investigation into the Board’s and management’s alleged violations of law and alleged breaches of fiduciary duties, and take appropriate actions following such investigation.
+Added: The Company cannot predict the outcome of those discussions, or whether they will result in a settlement or shareholder derivative litigation.
The Company has received various document requests and subpoenas from securities and banking regulators and U.S.
5 unchanged sentences
We are, however, unable to predict the duration, scope or outcome of these investigations.
+Added: The amount of legal fees and expenditures for the year is net of expected insurance coverage where we believe we have a high likelihood of recovery pursuant to our D&O insurance policies, but does not include any offset for potential claims we may have in the future as to which recovery is impossible to predict at this time.
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.