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: In October 2021, the Court ruled that the misappropriation claim was invalid.
−Removed: The remaining
−Removed: allegation is that IPS breached a non-disclosure agreement with a party to the case.
−Removed: IPS denies the allegations, believes the action is
−Removed: without merit and intends to vigorously defend it.
−Removed: The Company has filed a motion to dismiss.
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: As of September 30, 2021, there were
−Removed: no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests,
−Removed: the Company believes would be material to its business.
+Added: may become a party to legal actions or proceedings in the ordinary course of its business.
+Added: As of September 30, 2022, there were no such
+Added: actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company
+Added: believes would be material to its business.
MINE SAFETY DISCLOSURES.
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.