LEGAL PROCEEDINGS
−Removed: From time to time, we are subject to threats of litigation or actual litigation in the ordinary course of business, some of which may be material.
−Removed: We are not currently a party to any pending legal proceedings that, if determined adversely to us, would, in our opinion, have a material effect on our financial position, results of operations, or cash flows or that would not be covered by our existing liability insurance.
−Removed: The results of any litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.
+Added: Bell Semiconductor Litigation
+Added: On August 11, 2022, Bell Semiconductor LLC, or Bell Semiconductor, filed suit against MaxLinear in the Southern District of California alleging infringement of U.S.
+Added: 6,436,807 and 7,007,259, and requested monetary damages and a permanent injunction as relief.
+Added: On August 26, 2022, Bell Semiconductor filed suit against MaxLinear in the Southern District of California alleging infringement of U.S.
+Added: 7,149,989 and 7,260,803, and requested monetary damages and a permanent injunction as relief.
+Added: On October 7, 2022 Bell Semiconductor filed suit against MaxLinear in the Southern District of California alleging infringement of U.S.
+Added: 7,396,760, and requested monetary damages and a permanent injunction as relief.
+Added: Specifically, on October 13, 2023, Bell Semiconductor also filed suit against MaxLinear before the U.S.
+Added: International Trade Commission alleging infringement of U.S.
+Added: This was instituted by the Commission as Investigation No.
+Added: 337-TA-1342 on November 23, 2022.
+Added: Bell Semiconductor requested as relief a limited exclusion order and cease and desist order.
+Added: On March 10, 2023, Bell Semiconductor and MaxLinear entered into a Settlement and Patent License Agreement, or the Settlement Agreement, in settlement and release of all claims above.
+Added: The Settlement Agreement also grants MaxLinear and its affiliates, a license of certain listed patents with respected to certain licensed products for a term that continues until the expiration of the last surviving claim of such licensed patents.
+Added: Other Matters
+Added: From time to time, the Company is subject to threats of litigation or actual litigation in the ordinary course of business as described above, some of which may be material.
+Added: The results of any litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have a material adverse impact on the Company because of defense and settlement costs, diversion of management resources, and other factors.
+Added: However, as of March 31, 2023, other than the matter described above, no material loss contingencies have been accrued for such matters in the Company’s 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.