Legal Proceedings
−Removed: In September 2020, a putative class action complaint alleging violations of the federal securities laws was filed against the Company (also naming our Chief Executive Officer and Chief Financial Officer as defendants) in the U.S.
+Added: In September 2020, a putative class action complaint alleging violations of the federal securities laws was filed against the Company (also naming our now-former Chief Executive Officer and our Chief Financial Officer as defendants) in the U.S.
District Court for the Northern District of California (Reena Saintjermain, et al.
4 unchanged sentences
A second amended complaint was filed on September 14, 2021.
−Removed: The Company filed a motion to dismiss the second amended complaint on October 29, 2021.
+Added: The Company filed a motion to dismiss the second amended complaint on October 29, 2021 and, on February 14, 2022, the Court granted defendants’ motion and dismissed the second amended complaint with prejudice.
+Added: On March 15, 2022, plaintiff filed a Notice of Appeal to the U.S.
+Added: Court of Appeals for the Ninth Circuit.
We believe the claims alleged in the complaint lack merit and we intend to defend this action vigorously.
3 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.