8 unchanged sentences
We have filed actions in each court requesting dismissal of the matter based on the earlier court action.
−Removed: Although we anticipate a favorable resolution to all matters, we can provide no assurances that we will be successful in achieving dismissal of all pending cases.
−Removed: While we believe a loss is not probable, we estimate the range of possible losses related to this assessment is from $0 to $6.0 million .
−Removed: No amount was accrued at March 31, 2020 , for this matter.
+Added: In May 2020, we received an unfavorable decision in one of the lawsuits, and as a result have recorded a liability to the Brazilian tax authorities and a receivable from the former shareholders of Autocam for the same amount.
+Added: Although we anticipate a favorable resolution to the remaining matters, we can provide no assurances that we will be successful in achieving dismissal of all pending cases.
+Added: dollar amount that would be owed in the event of an unfavorable decision is subject to interest, penalties, and currency impacts and therefore is dependent on the timing of the decision.
+Added: For the remaining open lawsuits, we currently believe the cumulative potential liability in the event of unfavorable decisions on all matters will be less than $5.0 million, inclusive of interest and penalties.
We are entitled to indemnification from the former shareholders of Autocam, subject to the limitations and procedures set forth in the agreement and plan of merger relating to the Autocam acquisition.
Management believes the indemnification would include amounts owed for the tax, interest, and penalties related to this matter.
+Added: Accordingly, we don’t expect to incur a loss related to this matter even in the event of an unfavorable decision and, therefore, have not accrued an amount for the remaining matters as of June 30, 2020.
Securities Offering Matter
11 unchanged sentences
The procedures performed include reviewing attorney and plaintiff correspondence, reviewing any filings made and discussing the facts of the case with local management and legal counsel.
−Removed: We have not recognized any material loss contingencies at March 31, 2020 , or at December 31, 2019 .
+Added: We have not recognized any material loss contingencies at June 30, 2020, or at December 31, 2019.
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.