LEGAL PROCEEDINGS
−Removed: On August 21, 2020, IPS was
−Removed: named a third-party defendant in a patent dispute claim currently pending in the U.S.
−Removed: District Court for the Eastern District of New York.
−Removed: The complaint, which contains no specific amount of claimed monetary damages, asserts that certain intellectual property was misappropriated
−Removed: by IPS and one of its former employees.
−Removed: IPS denies the allegations, believes the action is without merit and intends to vigorously defend
+Added: August 21, 2020, IPS was named a third-party defendant in a patent dispute claim currently pending in the U.S.
+Added: District Court for the
+Added: Eastern District of New York.
+Added: The complaint, which contains no specific amount of claimed monetary damages, asserts that certain intellectual
+Added: property was misappropriated by IPS and one of its former employees.
+Added: IPS denies the allegations, believes the action is without merit
+Added: and intends to vigorously defend it.
The Company filed a motion to dismiss the complaint on December 14, 2020.
−Removed: The court has not yet ruled on the Company’s
−Removed: From time to time, the Company
−Removed: may become a party to other legal actions or proceedings in the ordinary course of its business.
−Removed: At March 31, 2021, there were no such
−Removed: actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company
−Removed: believes would be material to its business.
+Added: The court has not
+Added: yet ruled on the Company’s motion.
+Added: time to time, the Company may become a party to other legal actions or proceedings in the ordinary course of its business.
+Added: 2021, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s
+Added: interests, it believes would be material to its business.
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.