time to time, we may be subject to litigation and arbitration claims incidental to its business.
−Removed: Such claims may not be
−Removed: covered by our insurance coverage, and even if they are, if claims against us are successful, they may exceed the limits of applicable
−Removed: insurance coverage.
−Removed: July 9, 2020, the Company was served with a civil complaint filed in the Superior Court for the State of California, County of
−Removed: Orange by a former employee, Robert Rankin, who resigned his employment on or about March 30, 2020.
−Removed: The case is entitled Rankin
+Added: Such claims may not be covered by our
+Added: insurance coverage, and even if they are, if claims against us are successful, they may exceed the limits of applicable insurance coverage.
+Added: On July 9, 2020, the Company
+Added: was served with a civil complaint filed in the Superior Court for the State of California, County of Orange by a former employee, Robert
+Added: Rankin, who resigned his employment on or about March 30, 2020.
+Added: The case is entitled Rankin v.
Hancock Jaffe Laboratories, Inc.
1 unchanged sentence
30-2020-01146555-CU-WR-CJC and was filed on May 27, 2020.
−Removed: The complaint asserts
−Removed: several causes of action, including a cause of action for failure to timely pay Mr.
−Removed: Rankin’s accrued and unused vacation
−Removed: and three months’
−Removed: severance under his July 16, 2018 employment agreement with the Company.
−Removed: Rankin alleges that he was
−Removed: forced to resign, however, we believe that he did not give the Company notice or an opportunity to cure the allegations.
−Removed: The complaint
−Removed: seeks, inter alia, back pay, unpaid wages, compensatory damages, punitive damages, attorneys’
−Removed: fees, and costs.
−Removed: 3, 2020 the Company and its Chief Executive Officer were served with a second complaint filed in the Superior Court for the State
−Removed: of California, County of Orange by Mr.
−Removed: The case is entitled Rankin v.
+Added: The complaint asserts several causes of action, including
+Added: a cause of action for failure to timely pay Mr.
+Added: Rankin’s accrued and unused vacation and three months’ severance under his
+Added: July 16, 2018 employment agreement with the Company.
+Added: Rankin alleges that he was forced to resign, however, we believe that he did
+Added: not give the Company notice or an opportunity to cure the allegations.
+Added: The complaint seeks, inter alia, back pay, unpaid wages, compensatory
+Added: damages, punitive damages, attorneys’ fees, and costs.
+Added: On September 3, 2020 the Company and its Chief Executive Officer were served
+Added: with a second complaint filed in the Superior Court for the State of California, County of Orange by Mr.
+Added: The case is entitled
Hancock Jaffe Laboratories, Inc.
1 unchanged sentence
30-2020-01157857 and was filed on August 31, 2020.
−Removed: The complaint asserts several causes of action, including defamation, unlawful
−Removed: labor code violations, sex-based discrimination, unfair competition, and seeks damages for lost wages, emotional and mental distress,
−Removed: consequential damages, punitive damages and attorney’s fees and costs.
−Removed: The Company intends to vigorously defend the claims,
−Removed: investigate the allegations, and assert counterclaims.
−Removed: Rankin resigned as the Company’s Chief Financial Officer, Secretary
−Removed: and Treasurer on March 30, 2020.
+Added: The complaint asserts
+Added: several causes of action, including defamation, unlawful labor code violations, sex-based discrimination, unfair competition, and seeks
+Added: damages for lost wages, emotional and mental distress, consequential damages, punitive damages and attorney’s fees and costs.
+Added: Rankin resigned as the Company’s Chief Financial Officer, Secretary and Treasurer on March 30, 2020.
+Added: The Company has denied
+Added: all claims in both matters (which have now been consolidated) and has filed a counterclaim asserting that Rankin has breached his employment
+Added: agreement with the Company to the Company’s damage.
+Added: The Company continues to believe it has meritorious defenses to both matters,
+Added: which are set for trial June 27, 2022.
and Safety Disclosure
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.