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As previously disclosed in our 2021 Form 10-K, several counties and cities in California asserted that the Ritz-Carlton hotels in California failed to comply with certain state statutes regulating hazardous and other waste handling and disposal.
−Removed: In April 2022, we executed settlement documents, which still need to be approved by the Superior Court of the State of California, County of Riverside, to fully settle the matter.
+Added: In April 2022, we executed settlement documents, subject to approval by the Superior Court of the State of California, County of Riverside, to fully settle the matter.
+Added: In July 2022, the settlement documents were modified for re-execution by the parties and final approval by the court.
The settlement involves payments by the Company below the above-referenced $1 million disclosure threshold.
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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.