LEGAL PROCEEDINGS
+Added: We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us.
We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business.
Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole.
−Removed: As previously disclosed in our joint proxy statement/prospectus, beginning on August 27, 2021, two purported RPAI stockholders filed substantially similar complaints against RPAI and the members of the RPAI board of directors (the “RPAI Board”) in the United States District Court for the Southern District of New York.
−Removed: One of these complaints also named Kite Realty and Merger Sub as defendants.
−Removed: The complaints were captioned as follows:
−Removed: Retail Properties of America, Inc.
−Removed: 1:21-cv-07237 (S.D.N.Y.
−Removed: filed August 27, 2021);
−Removed: and Hopkins v.
−Removed: Retail Properties of America, Inc.
−Removed: 1:21-cv-07324 (S.D.N.Y.
−Removed: filed August 31, 2021).
−Removed: The complaints variously asserted, among other things, claims under Section 14(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 14a-9 promulgated thereunder against RPAI and the members of the RPAI Board and claims under Section 20(a) of the Exchange Act against the members of the RPAI Board (and, in one case, Kite Realty and Merger Sub) for allegedly causing a materially incomplete and misleading registration statement on Form S-4 to be filed on August 23, 2021 with the SEC.
−Removed: Four additional lawsuits were filed against RPAI and the members of the RPAI Board between September 14, 2021 and October 8, 2021 under the captions Callebs v.
−Removed: Retail Properties of America, Inc.
−Removed: 1:21-cv-07593 (S.D.N.Y.
−Removed: filed September 10, 2021);
−Removed: Retail Properties of America, Inc., et al., No.
−Removed: 1:21-cv-04066-SCJ (N.D.Ga.
−Removed: filed October 1, 2021);
−Removed: Retail Properties of America, Inc.
−Removed: 2:21-cv-04390 (E.D.Pa.
−Removed: filed October 6, 2021);
−Removed: and Reinhardt v Retail Properties of America, Inc.
−Removed: 1:21-cv-04187 (N.D.
−Removed: filed October 8, 2021), which were substantially similar to the other two complaints.
−Removed: Also, on September 15, 2021, a purported Kite Realty shareholder filed a complaint against Kite Realty and the members of the Kite Realty board of trustees in the United States District Court for the Eastern District of New York, captioned as follows:
−Removed: Kite Realty Group Trust et al., No.
−Removed: 1:21-cv-05142 (E.D.N.Y.
−Removed: filed September 15, 2021).
−Removed: The complaint asserted substantially similar claims under Sections 14(a) and 20(a) of the Exchange Act and Rule 14a-9 as the other complaints against RPAI and the RPAI Board.
−Removed: Plaintiffs sought, among other things, to enjoin or rescind the Merger, an award of damages in the event the Merger was consummated, and an award of costs and attorneys’ fees.
−Removed: Subsequent to completion of the RPAI merger, and subsequent to December 31, 2021, the lawsuits described in the preceding paragraph were voluntarily dismissed.
−Removed: We believe that the claims asserted in the actions were without merit .
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.