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: An adverse outcome in certain of these proceedings could have a material adverse effect on our business, financial condition and results of of operations, and could cause the market value of our common stock to decline.
+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.
Legal Actions
3 unchanged sentences
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: On July 12, 2024, the court consolidated the McAuliffe case with a substantively identical case, Le v.
+Added: Mobileye Global Inc., et al., 1:24-CV-01390 (S.D.N.Y.), appointed a lead plaintiff, and set an initial schedule for the consolidated case.
We intend to defend the matter vigorously.
−Removed: No provision was recorded in the financial statements.
+Added: No provision was recorded in the financial statements as of June 29, 2024.
Derivative Action
4 unchanged sentences
The complaint seeks unspecified damages and other relief.
−Removed: We intend to defend the matter vigorously.
−Removed: No provision was recorded in the financial statements.
+Added: Since May 24, 2024, the derivative action has been stayed by the court pending resolution of the anticipated motion to dismiss in the consolidated securities action.
+Added: On June 27, 2024, an additional derivative lawsuit was filed in the United States District Court for the Southern District of New York against certain members of the Mobileye Board of Directors, certain of Mobileye’s current and former officers, and Intel Corporation, in its capacity as Mobileye’s controlling shareholder.
+Added: Mobileye was also named as a nominal defendant.
+Added: On July 9th, this derivative action was consolidated with the derivative action originally filed on April 12, 2024 and the consolidated derivative action was stayed by the court pending resolution of the anticipated motion to dismiss in the consolidated securities action.
+Added: We intend to defend the derivative claims vigorously.
+Added: No provision for the consolidated derivative action was recorded in the financial statements as of June 29, 2024.
Patent Litigation
5 unchanged sentences
The complaint seeks unspecified damages, a permanent injunction, and attorneys’ fees and costs.
−Removed: We intend to defend the matter vigorously.
+Added: We have moved to dismiss the complaint for improper venue and await a ruling.
+Added: In the meantime, we intend to defend the matter vigorously.
No provision was recorded in the financial statements.
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.