3 unchanged sentences
insurance coverage, and even if they are, if claims against us are successful, they may exceed the limits of applicable 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 Orange
−Removed: by a former employee, Robert Rankin, who resigned his employment on or about March 30, 2020.
+Added: On July 9, 2020, the Company was
+Added: served with a civil complaint filed in the Superior Court for the State of California, County of Orange by a former employee, Robert Rankin,
+Added: who resigned as the Company’s Chief Financial Officer, Secretary, and Treasurer on March 30, 2020.
The case is entitled Rankin v.
−Removed: Hancock Jaffe
−Removed: Laboratories, Inc.
+Added: Hancock Jaffe Laboratories, Inc.
et al., Case No.
30-2020-01146555-CU-WR-CJC and was filed on May 27, 2020.
−Removed: On September 3, 2020 the Company and its Chief Executive Officer were served with a second complaint filed in the
−Removed: Superior Court for the State of California, County of Orange by Mr.
+Added: The complaint asserts causes
+Added: of action alleging failure to timely pay Mr.
+Added: Rankin’s accrued and unused vacation and three months’ severance under his July
+Added: 16, 2018 employment agreement, Labor Code violations, and unfair competition, and seeks damages for back pay, unpaid wages, compensatory
+Added: damages, punitive damages, and attorney’s fees and costs.
+Added: On September 3, 2020 the Company
+Added: and its Chief Executive Officer were served with a second complaint filed in the Superior Court for the State of California, County of
+Added: Orange by Mr.
The case is entitled Rankin v.
−Removed: Hancock Jaffe Laboratories,
+Added: Hancock Jaffe Laboratories, Inc.
et al., Case No.
−Removed: 30-2020-01157857 and was filed on August 31, 2020.
−Removed: complaints assert several causes of action, including a cause of action alleging failure to timely pay Mr.
−Removed: Rankin’s accrued
−Removed: and unused vacation and three months’ severance under his July 16, 2018 employment agreement, defamation, unlawful Labor Code violations, sex-based discrimination, and unfair competition, and seeks damages for
−Removed: lost wages, emotional and mental distress, consequential damages, punitive damages and attorney’s fees and costs.
−Removed: Company has denied all claims in both matters (which have now been consolidated) and has filed a counterclaim asserting that Rankin has
−Removed: breached his employment agreement with the Company to the Company’s damage.
−Removed: The Company continues to believe it has meritorious
−Removed: defenses to both matters, which are currently set for trial on October 30, 2023.
+Added: 30-2020-01157857 and was filed
+Added: on August 31, 2020.
+Added: The second complaint asserts causes of action alleging defamation, Labor Code violations, sex-based discrimination,
+Added: and unfair competition, and seeks damages for lost wages, emotional and mental distress, consequential damages, punitive damages, and
+Added: attorney’s fees and costs.
+Added: The Company denies all claims
+Added: in both matters (which have now been consolidated), is vigorously defending same, and has asserted counterclaims against Mr.
+Added: Rankin contending
+Added: that he breached his fiduciary duty and employment agreement with the Company and the Company incurred damages as a result.
+Added: continues to believe it has meritorious defenses to both matters, which are currently set for trial on October 30, 2023.
a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required
5 unchanged sentences
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.