12 unchanged sentences
A fifth hearing occurred on April 2, 2020.
−Removed: A sixth hearing is scheduled for May 14, 2020.
+Added: A sixth hearing occurred on May 14, 2020.
+Added: A seventh hearing occurred on June 4, 2020.
+Added: On July 16, 2020, the Korea Administrative Court issued its ruling in which it ruled that the withholding taxes and penalties which were imposed by the Korean tax authorities on Samsung should be cancelled with some litigation costs to be borne by the Korean tax authorities.
+Added: On August 3, 2020, the Korean tax authorities filed a petition of appeal with the Korea High Court indicating the Korean tax authorities’ intent to appeal the decision of the Korea Administrative Court.
On September 29, 2017, Samsung filed an arbitration demand with the International Chamber of Commerce against us demanding that we reimburse Samsung for the imposed tax and penalties that Samsung paid to the Korean tax authorities.
21 unchanged sentences
We expect to be reimbursed by Samsung to the extent we ultimately prevail in the appeal in the Korean courts.
−Removed: At March 31, 2019, $6.9 million was recorded as a deposit included in Other assets on our Condensed Consolidated Balance Sheets.
−Removed: In the event that we do not ultimately prevail in our appeal in the Korean courts, the deposit included in Other assets would be recorded as additional income tax expense on our Consolidated Statement of Operations and Comprehensive Income (Loss), in the period in which we do not ultimately prevail.
+Added: At March 31, 2019, $6.9 million was recorded as a deposit included in Long-term deposits on our Condensed Consolidated Balance Sheets.
+Added: In the event that we do not ultimately prevail in our appeal in the Korean courts, the deposit included in Long-term deposits would be recorded as additional income tax expense on our Consolidated Statement of Operations and Comprehensive Income (Loss), in the period in which we do not ultimately prevail.
Immersion Corporation vs.
44 unchanged sentences
Pursuant to an agreement reached with LGE, on April 8, 2020, we provided a provisional deposit to LGE in the amount of KRW 5,916,845,454 (approximately $5.0 million) representing the amount of such withholding tax that was imposed on LGE, which provisional deposit would be returned to us to the extent we ultimately prevail in the appeal in the Korea courts.
+Added: In the second quarter of 2020, we recorded this deposit as Long-term deposits on our Condensed Consolidated Balance Sheets.
On November 3, 2017, on behalf of LGE, we filed an appeal with the Korea Tax Tribunal regarding their findings with respect to the withholding taxes.
5 unchanged sentences
A third hearing occurred on February 13, 2020.
−Removed: A fourth hearing is scheduled for May 26, 2020.
+Added: A fourth hearing occurred on June 9, 2020.
+Added: A fifth hearing occurred on July 16, 2020.
+Added: We anticipate a decision to be rendered on or about October 8, 2020.
We believe that there are valid defenses to the claims raised by the Korean tax authorities and that LGE’s claims are without merit.
5 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.