5 unchanged sentences
These legal proceedings may be subject to many uncertainties and there can be no assurance of the outcome of any individual proceedings.
−Removed: We do not believe that these matters, and we are not a party to any other legal proceedings that we believe, if determined adversely to us, would have a material adverse effect on our business, financial condition or results of operations.
+Added: An adverse outcome in certain of these proceedings could have a material adverse effect on our business, financial condition and results of operations, and could cause the market value of our common stock to decline.
+Added: Legal Actions
+Added: Securities Litigation.
+Added: On January 16, 2024, a putative class action captioned McAuliffe v.
+Added: Mobileye Global Inc., et al., 1:24-CV-00310 (S.D.N.Y.), was filed in the United States District Court for the Southern District of New York against Mobileye and certain of its current and former officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 in connection with defendants’ alleged misstatements and omissions concerning the build-up of excess inventory by certain Tier 1 Mobileye customers.
+Added: The complaint seeks unspecified damages and other relief on behalf of all persons and entities who purchased or otherwise acquired Mobileye securities between January 26, 2023 and January 3, 2024.
+Added: We intend to defend the matter vigorously.
+Added: No provision was recorded in the financial statements.
+Added: Patent Litigation
+Added: On January 26, 2024, Facet Technology Corp.
+Added: (“Facet”) sued Mobileye in the U.S.
+Added: District Court for the Eastern District of Texas for allegedly infringing two patents.
+Added: Captioned Facet Technology Corp.
+Added: Mobileye Global, Inc.
+Added: , the complaint alleges that certain Mobileye products directly and indirectly infringe both patents.
+Added: The complaint seeks unspecified damages, a permanent injunction, and attorneys’ fees and costs.
+Added: We intend to defend the matter vigorously.
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.