Legal Proceedings
−Removed: On November 8, 2018, Ron Miller, a purported stockholder of ours, filed a Class Action Complaint (the "Miller Complaint") in the United States District Court for the District of Massachusetts (the "Massachusetts District Court") against us and three of our former officers, Raymond P.
−Removed: Dolan, Mark T.
−Removed: Greenquist and Michael Swade (collectively, the "Defendants"), claiming to represent a class of purchasers of Sonus common stock during the period from January 8, 2015 through March 24, 2015 and alleging violations of the federal securities laws.
−Removed: Similar to a previous complaint entitled Sousa et al.
−Removed: Sonus Networks, Inc.
−Removed: et al., which was dismissed with prejudice by an order dated June 6, 2017, the Miller Complaint claims that the Defendants made misleading forward-looking statements concerning Sonus' expected fiscal first quarter of 2015 financial performance, which statements were also the subject of an August 7, 2018 Securities and Exchange Commission Cease and Desist Order, whose findings we neither admitted nor denied.
−Removed: The Miller plaintiffs are seeking monetary damages.
−Removed: After the Miller Complaint was filed, several parties filed and briefed motions seeking to be selected by the Massachusetts District Court to serve as a Lead Plaintiff in the action.
−Removed: On June 21, 2019, the Massachusetts District Court appointed a group as Lead Plaintiffs and the Lead Plaintiffs filed an amended complaint on July 19, 2019.
−Removed: On August 30, 2019, the Defendants filed a motion to dismiss the Miller Complaint and, on October 4, 2019, the Lead Plaintiffs filed an opposition to the motion to dismiss.
−Removed: The Defendants filed a reply to such opposition on November 1, 2019.
−Removed: There was an oral argument on the motion to dismiss on February 12, 2020.
−Removed: In addition, we are often a party to disputes and legal proceedings that we consider routine and incidental to our business.
−Removed: Management does not expect the results of any of these actions to have a material effect on our business or consolidated financial statements.
+Added: We are subject to legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business.
+Added: Our material legal proceedings as described in Part I, Item 1 of this Form 10-Q in the Notes to Condensed Consolidated Financial Statements in Note 19, "Commitments and Contingencies," under the heading "Litigation."
+Added: The outcome of litigation is inherently uncertain.
+Added: If one or more legal matters were resolved against the Company in a reporting period for amounts above management's expectations, our financial condition and operating results for that reporting period could be materially adversely affected.
+Added: We settled certain matters during the fourth quarter of 2020 that did not individually or in the aggregate have a material impact on our financial condition or results of operations.
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.