9 unchanged sentences
On January 16, 2024, a putative class action captioned McAuliffe v.
−Removed: 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.
−Removed: 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.
−Removed: On July 12, 2024, the court consolidated the McAuliffe case with a substantively identical case, Le v.
−Removed: 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.
−Removed: On September 13, 2024, the lead plaintiff filed an amended complaint, which among other actions named another current officer as a defendant and modified the class period to January 26, 2023 until August 8, 2024.
−Removed: On October 25, 2024, Mobileye and the other named defendants jointly filed a motion to dismiss.
+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.
+Added: Following consolidation of the action with a substantively identical case, Le v.
+Added: Mobileye Global Inc.
+Added: et al., 1:24 - CV - 01390 (S.D.N.Y.), and the appointment of a lead plaintiff, an amended complaint was filed on September 13, 2024.
+Added: In response to the defendants' motion to dismiss, filed on October 25, 2024, lead plaintiff filed a second amended complaint on November 22, 2024.
+Added: The second amended complaint asserts 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, and 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 August 8, 2024.
+Added: The second amended complaint also includes claims asserted by an additional plaintiff under Sections 11 and 15 of the Securities Act of 1933 on behalf of a putative class of purchasers of Mobileye Class A common stock offered in Mobileye's June 5, 2023 secondary offering.
+Added: Mobileye and the individual defendants filed a motion to dismiss the second amended complaint on December 20, 2024.
+Added: On January 24, 2025, the lead plaintiff filed a brief in opposition to Mobileye's and the other named defendants' motion to dismiss.
+Added: On February 21, 2025, Mobileye and the other named defendants jointly filed a brief in reply to the lead plaintiff's opposition brief.
+Added: On April 16, 2025, the Court granted the defendants' motion and dismissed the second amended complaint in full without leave to amend, closing the case.
+Added: The lead plaintiff has thirty days from the date of the Court's order to file a notice of appeal with the U.S.
+Added: Court of Appeals for the Second Circuit.
We intend to defend the matter vigorously.
−Removed: No provision was recorded in the financial statements as of September 28, 2024.
+Added: No provision was recorded in the condensed consolidated financial statements as of March 29, 2025.
Derivative Action
6 unchanged sentences
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.
−Removed: Mobileye was also named as a nominal defendant.
+Added: Mobileye was also named as nominal defendant.
On July 9th, 2024, 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.
−Removed: We intend to defend the derivative claims vigorously.
−Removed: No provision for the consolidated derivative action was recorded in the financial statements as of September 28, 2024.
+Added: Following dismissal of the consolidated securities action, the Court ordered the parties to jointly propose a schedule for further proceedings by April 24, 2025.
+Added: We intend to defend the matter vigorously.
+Added: No provision was recorded in the condensed consolidated financial statements as of March 29, 2025.
Patent Litigation
5 unchanged sentences
The complaint seeks unspecified damages, a permanent injunction, and attorneys’ fees and costs.
−Removed: We have moved to dismiss the complaint for improper venue and await a ruling.
+Added: On November 4, 2024, Mobileye filed a motion to dismiss asserting improper venue, which the court dismissed without prejudice to refile in view of an amended complaint filed by Facet, adding Mobileye Vision Technologies Ltd.
+Added: and Mobileye Inc., each wholly-owned indirect subsidiaries of Mobileye Global Inc., as additional defendants.
+Added: On November 7, 2024, Mobileye Vision Technologies Ltd.
+Added: and Mobileye Inc., sued Facet Technology Corp.
+Added: District Court of Minnesota seeking a declaratory judgement that the Mobileye plaintiffs do not infringe either patent.
+Added: On March 5, 2025, the Patent Trial and Appeal Board of the US Patent and Trademark Office instituted two Inter Parte Review (IPR) proceedings filed by Mobileye Vision Technologies Ltd.
+Added: against the patents asserted by Facet.
+Added: On March 15, 2025, the parties agreed and the relevant courts entered orders staying all litigation pending the outcome of the both IPRs.
+Added: On March 19, 2025, Facet filed requests for reconsideration of both institution decisions.
+Added: On April 22, 2025, the Patent Trial and Appeal Board denied Facet's request for reconsideration in respect of one of the institution decisions.
+Added: The other request for reconsideration remains pending.
We intend to defend the matter vigorously.
−Removed: No provision was recorded in the financial statements as of September 28, 2024.
+Added: No provision was recorded in the condensed consolidated financial statements as of March 29, 2025.
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.