Legal Proceedings.
−Removed: In late July 2008, the Court of Chancery of the State of Delaware (the Court) entered an
−Removed: Order (the Order) consolidating for all purposes two previously disclosed derivative actions (the
−Removed: Berkowitz and Pinchuk lawsuits) filed on our behalf against certain of our current and former
−Removed: The complaints in each of such actions alleged that the named defendants violated their
−Removed: fiduciary duties to us in connection with a number of previously disclosed related party
−Removed: transactions with affiliates of Grande Holdings, our controlling shareholder.
−Removed: The Order also
−Removed: organizes counsel for the plaintiffs in the consolidated action, relieves the defendants of their
−Removed: obligation to answer the Berkowitz and Pinchuk complaints and contemplates the filing of a
−Removed: consolidated complaint as soon as practicable.
−Removed: The recovery, if any, in the consolidated action,
−Removed: will inure to our benefit.
−Removed: Except for the litigation matters described above, we are not currently a party to any legal
−Removed: proceedings other than litigation matters, in most cases involving ordinary and routine claims
−Removed: incidental to our business.
−Removed: We cannot estimate with certainty our ultimate legal and financial
−Removed: liability with respect to such pending litigation matters.
−Removed: However, we believe, based on our
−Removed: examination of such matters, that our ultimate liability will not have a material adverse effect on
−Removed: our financial position, results of operations or cash flows.
−Removed: There were no changes in any risk factors previously disclosed in our Annual Report on Form
−Removed: 10-K, as amended, for the fiscal year ended March 31, 2008.
+Added: The Company is, and from time to time may become, involved in legal proceedings, in most cases involving ordinary and routine claims incidental to its business.
+Added: Management cannot estimate with certainty the Company’s ultimate legal and financial liability with respect to any such pending litigation matters.
+Added: However, management believes, based on its examination of such matters, that the Company is not currently involved in any legal proceedings that, if determined adversely to the Company, would have a material adverse effect on the Company’s financial position, results of operations or cash flows.
+Added: Information relating to our ongoing legal proceedings is described in Note 11 to our condensed consolidated financial statements in Part I, Item I of this Quarterly Report on Form 10-Q.
+Added: Risk Factors.
+Added: There have been no material changes to the risk factors contained in Part I, Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K, as amended, for the year ended March 31, 2023.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Defaults Upon Senior Securities.
+Added: Mine Safety Disclosure.
+Added: Not applicable.
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.