3 unchanged sentences
On November 9, 2021, the Company was awarded $5.8 million, none of which has been recognized in the Company’s financial statements.
−Removed: The Defendant has filed preliminary motions to request a new trial or a renewed judgement as a matter of law.
−Removed: The Company anticipates that all motions, counter motions, and replies will be submitted to the court by April 5, 2022.
−Removed: The Company believes the judgement order will be issued before the end of fiscal year 2022.
+Added: The Defendant filed motions to request a new trial or a renewed judgement as a matter of law.
+Added: All counter motions, and replies related to the previously mentioned motions have been filed with the court as of May 12, 2022.
+Added: The Company anticipates that a final judgement order will be issued in the third calendar quarter of 2022.
A party to a civil lawsuit usually has 30 days from the entry of judgment to file a notice of appeal.
6 unchanged sentences
If successfully arbitrated, the Company expects to receive repayment of all installment payments made.
−Removed: Other than described above, at December 31, 2021, the Company was not involved in any legal proceedings other than in the ordinary course of business.
+Added: Other than described above, at March 31, 2022, the Company was not involved in any legal proceedings other than in the ordinary course of business.
The Company is a party from time to time to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business.
1 unchanged sentence
With respect to all such lawsuits, claims, and proceedings, we record reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.
−Removed: At December 31, 2021, the Company does not believe that any of these proceedings, separately or in aggregate, would be expected to have a material adverse effect on our financial position, results of operations or cash flows.
+Added: At March 31, 2022, the Company does not believe that any of these proceedings, separately or in aggregate, would be expected to have a material adverse effect on our financial position, results of operations or cash flows.
Please see the information disclosed in the “Risk Factors” section of our Annual Report on Form 10-K as filed with the Securities and Exchange Commission on December 29, 2021.
1 unchanged sentence
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.