17 unchanged sentences
Bloch’s amended complaint.
−Removed: The Parties’ respective motions are pending.
−Removed: The Company and the Director Defendants believe that the Board was justified in its decision to terminate Mr.
+Added: On September 23, 2020, the Court denied Mr.
+Added: Bloch’s motion for summary judgment.
+Added: It also granted the Company and the Director Defendants’ motion for summary judgment as to all claims, except for one claim for breach of contract against the Company.
+Added: On October 23, 2020, the Company filed a brief with the Appellate Division, Second Department, seeking a reversal of the lower court’s order to the extent that it denied the Company’s summary judgment motion on the breach of contract claim.
+Added: Bloch filed its responsive brief on November 20, 2020.
+Added: The appeal is currently pending.
+Added: The Company believes that the Board was justified in its decision to terminate Mr.
Bloch “for cause” and that Mr.
−Removed: Bloch’s complaint is entirely without merit.
+Added: Bloch’s single surviving claim is entirely without merit.
The Company intends to vigorously defend against all of Mr.
Bloch’s allegations.
−Removed: At this time, the Company does not have sufficient information to determine whether liability, if any, arising out of these matters is probable or the possible loss, if any, that could result from an unfavorable outcome arising out of these matters.
+Added: At this time, the Company does not have sufficient information to determine whether liability, if any, arising out of these matters is probable or the possible loss, if any, which could result from an unfavorable outcome arising out of these matters.
In addition, Mr.
14 unchanged sentences
Bloch filed a motion on June 16, 2020 seeking a change of venue to the County of Nassau, which the Company opposed on July 7, 2020.
−Removed: The motion is currently pending.
+Added: The Court granted Mr.
+Added: Bloch’s motion on September 8, 2020.
+Added: The case was therefore transferred to the County of Nassau, and assigned to the same Judge hearing the other cases between the parties.
At this time, the Company does not have sufficient information to determine the likelihood of success of this petition.
On June 5, 2020, Mr.
−Removed: Bloch filed a petition against the Company, the Compensation Committee of the Company’s Board of Directors, and the Deferred Compensation Plan Agreement Dated March 7, 2008, as amended, for the appointment of an arbitrator in one of the arbitration proceedings that Mr.
+Added: Bloch filed a petition against the Company, the Compensation Committee of the Company’s Board of Directors, and the Deferred Compensation Plan Agreement Dated March 7, 2008, as amended (“Respondents”), for the appointment of an arbitrator in one of the arbitration proceedings that Mr.
Bloch sought to initiate.
4 unchanged sentences
filed June 5, 2020)).
−Removed: On June 22, 2020, the Company moved to dismiss Mr.
+Added: On June 22, 2020, Respondents moved to dismiss Mr.
Bloch’s petition, and he opposed the Company’s motion on July 2, 2020.
The motion is currently pending.
−Removed: Defendants dispute all of Bloch’s claims and intend to continue to vigorously defend the Company in this special proceeding.
+Added: On September 11, 2020, the Court granted Respondents’ application for an interim stay of the arbitration pending the Court’s determination of the Company’s petition for a stay of arbitration (described above), Mr.
+Added: Bloch’s petition for the appointment of an arbitrator, and other outstanding motions.
+Added: Respondents dispute all of Bloch’s claims and intend to continue to vigorously defend the Company in this special proceeding.
The likelihood of any outcome of this proceeding cannot be determined at this time.
4 unchanged sentences
The following materials from the Frequency Electronics, Inc.
−Removed: Quarterly Report on Form 10-Q for the quarter ended July 31, 2020 formatted in eXtensible Business Reporting Language (XBRL):
+Added: Quarterly Report on Form 10-Q for the quarter ended October 31, 2020 formatted in eXtensible Business Reporting Language (XBRL):
(i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Operations and Comprehensive Loss, (iii) Condensed Consolidated Statements of Cash Flows, (iv) Condensed Consolidated Statements of Changes in Stockholders’ Equity and (v) Notes to Condensed Consolidated Financial Statements.
1 unchanged sentence
FREQUENCY ELECTRONICS, INC.
−Removed: September 14, 2020 By:
+Added: December 11, 2020
/s/ Steven L.
2 unchanged sentences
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.