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Accordingly, we review the adequacy of accruals and disclosures each quarter in consultation with legal counsel and we assess the probability and range of possible losses associated with contingencies for potential accrual in the consolidated financial statements.
−Removed: On July 14, 2017, a current hourly employee filed a class action lawsuit alleging that the Company failed to provide required meal breaks and rest periods and failed to reimburse business expenses, among other claims.
−Removed: The case is styled Manuel Vigueras v.
−Removed: Red Robin International, Inc.
−Removed: and is currently pending before the United States District Court in Santa Ana, California.
−Removed: In a related action, on September 21, 2017, a companion case, styled Genny Vasquez v.
−Removed: Red Robin International, Inc.
−Removed: was filed and is currently pending in California Superior Court in Santa Ana, California and involves claims under the California Private Attorneys' General Act that partially overlap the claims made in the Vigueras matter.
−Removed: In the first quarter of 2020, the Company reached a tentative settlement agreement resolving all claims and the cost of class administration in both cases for an aggregate $8.5 million.
−Removed: The Company is in the process of finalizing the settlement agreement, which will then be submitted to the court for approval.
−Removed: Court approval is required before any settlement agreement between the parties becomes final.
−Removed: An additional $4.5 million was accrued to reach the $8.5 million settlement amount during the Company's first fiscal quarter of 2020.
−Removed: In the normal course of business, there are various claims in process, matters in litigation, and other contingencies.
−Removed: These include employment related claims and claims from Guests or Team Members alleging illness, injury, food quality, health, or operational concerns.
−Removed: To date, no claims of these types of litigation, certain of which are covered by insurance policies, have had a material effect on the Company.
−Removed: While it is not possible to predict the outcome of these suits, legal proceedings, and claims with certainty, management is of the opinion that adequate provision for potential losses associated with these matters has been made in the financial statements and that the ultimate resolution of these matters will not have a material adverse effect on our financial position and results of operations.
+Added: For further information related to our litigation contingencies, see Note 9, Commitments and Contingencies , in the Notes to the Condensed Consolidated Financial Statements in Part 1, Item 1 of this Quarterly Report on Form 10-Q.
+Added: Risk factors associated with our business are contained in Item 1A, "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 27, 2020 filed with the SEC on March 3, 2021.
+Added: There have been no material changes from the risk factors disclosed in the fiscal year 2020 Annual Report on Form 10-K.
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.