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Repole, in each case in connection with BodyArmor's attempted early termination of the distribution contract between BodyArmor and ABC.
−Removed: The complaint seeks monetary damages relating to lost distribution revenues, disgorgement of profits, liquidated and punitive damages, attorneys' fees and costs.
+Added: The complaint sought monetary damages relating to lost distribution revenues, disgorgement of profits, liquidated and punitive damages, attorneys' fees and costs.
ABC filed an amended complaint which added Coca-Cola as a defendant to the suit and asserted a claim for tortious interference against Coca-Cola.
In December 2020, the court dismissed the individual claim against Mr.
−Removed: Repole, but ABC's claims against BodyArmor and Coca-Cola continue.
−Removed: Fact and expert discovery in the case is ongoing and a trial date has been set for November 2021.
−Removed: ABC intends to continue to vigorously prosecute the action.
−Removed: We are unable to predict the outcome of the lawsuit, the potential recovery, if any, associated with the resolution of the lawsuit or any potential effect it may have on us or our operations.
+Added: Repole, but ABC's claims against BodyArmor and Coca-Cola continued.
+Added: In December 2021, the Court granted summary judgment to ABC on its breach of contract claim against BodyArmor, finding, as a matter of law, that BodyArmor’s termination constituted a breach of the distribution agreement.
+Added: In January 2022, KDP agreed to a $350 million payment from BodyArmor for a full settlement of all of the claims under the existing litigation against BodyArmor and in complete satisfaction of the holdback amount owed to ABC in association with the sale of ABC’s equity interest in BodyArmor in 2021.
+Added: ABC received the settlement payment in January 2022 and the lawsuit has been dismissed.
+Added: Refer to Note 21 of the Notes to our Consolidated Financial Statements for further information.
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.