11 unchanged sentences
A third hearing occurred on March 21, 2021.
−Removed: The Korea High Court indicated that a final decision is expected on May 28, 2021, but reserved the right to delay the date of the decision.
+Added: The Korea High Court had indicated that a final decision was originally expected on May 28, 2021, but instead, decided to hold a fourth hearing on July 9, 2021.
+Added: The Court indicated that it expects to render a decision on this matter on October 1, 2021.
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.
7 unchanged sentences
At March 31, 2019, $6.9 million was recorded as a deposit included in Long-term deposits 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 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.
+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 Statements of Operations and Comprehensive Income (Loss), in the period in which we do not ultimately prevail.
Immersion Corporation vs.
34 unchanged sentences
ZL201310253562.2 on November 14, 2018, and against Chinese Patent No.
−Removed: ZL201210005785.2 on November 15, 2018, declaring all three Chinese patents invalid.
−Removed: We filed an application to withdraw our complaint from the Fuzhou Intermediate Court on December 10, 2018
−Removed: and received the ruling that allows Immersion to withdraw the case from the Fuzhou Intermediate Court on December 29, 2018.
+Added: ZL201210005785.2 on November 15, 2018, declaring all three Chinese
+Added: patents invalid.
+Added: We filed an application to withdraw our complaint from the Fuzhou Intermediate Court on December 10, 2018 and received the ruling that allows Immersion to withdraw the case from the Fuzhou Intermediate Court on December 29, 2018.
We pre-registered the appeals against the invalidation decisions with the Beijing IP Court on February 14, 2019.
3 unchanged sentences
We currently anticipate no additional hearings.
−Removed: The Court did not indicate when a judgment would be determined.
+Added: The Court indicated that a judgment may be issued by September 30, 2021.
LGE Korean Withholding Tax Matter
15 unchanged sentences
An eighth hearing occurred on April 8, 2021.
−Removed: A ninth hearing is scheduled for June 24, 2021.
+Added: A ninth hearing occurred on June 24, 2021.
+Added: A tenth hearing is scheduled for October 14, 2021.
+Added: The Court has indicated that it expects to render a decision on this matter by the end of February 2022.
We believe that there are valid defenses to the claims raised by the Korean tax authorities and that LGE’s claims are without merit.
We intend to vigorously defend ourselves against these claims.
−Removed: In the event that we do not ultimately prevail in our appeal in the Korean courts, any payments to LGE with respect to withholding tax imposed on LGE by the Korean tax authorities as described in the previous paragraph would be recorded as additional income tax expense on our Condensed Consolidated Statement of Operations and Comprehensive Income (Loss), in the period in which we do not ultimately prevail.
+Added: In the event that we do not ultimately prevail in our appeal in the Korean courts, any payments to LGE with respect to withholding tax imposed on LGE by the Korean tax authorities as described in the previous paragraph would be recorded as additional income tax expense on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), in the period in which we do not ultimately prevail.
We cannot predict the ultimate outcome of the above-mentioned actions, and we are unable to estimate any potential liability we may incur.
1 unchanged sentence
Contingencies of the Note to the Condensed Consolidated Financial Statements .
+Added: Immersion Software Ireland Limited v.
+Added: Marquardt GMBH
+Added: On August 3, 2021, we filed an arbitration demand with the American Arbitration Association against Marquardt, one of our licensees in the automotive market.
+Added: The arbitration demand arises out of the Marquardt License, effective as of January 1, 2018, between us as licensor and Marquardt, as licensee.
+Added: Pursuant to the arbitration demand, we are demanding that Marquardt cure its breach of the Marquardt License and pay all royalties currently owed under the Marquardt License.
+Added: The last royalty report we have received from Marquardt was for the third quarter of calendar year 2020 in which Marquardt reported approximately $539,000 in royalties but did not pay such royalties.
+Added: Further, since that date, we have not received any other royalty reports or royalty payments from Marquardt.
+Added: The term of the Marquardt License expires by its terms on December 31, 2023.
+Added: As a result of Marquardt’s breach of the Marquardt License, per unit royalties and applicable interest fees, in the amount of a definite sum to be determined, are currently past due.
+Added: Pursuant to the terms of the Marquardt License, we are requesting arbitration by a single arbitrator in Madison County, New York.
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.