2 unchanged sentences
We record legal costs associated with loss contingencies as incurred and have accrued for all probable and estimable settlements.
+Added: On March 21, 2025, Cropit Farming Limited ("Cropit") commenced legal proceedings against our subsidiary, Sadot LLC, in the Commercial Registry of the High Court of Zambia.
+Added: The complaint alleges that certain agreements between the parties are invalid under Zambian law, and seeks rescission of these agreements, return of assets, and damages of approximately $6.7 million USD and 181,003 Zambian Kwacha.
+Added: Sadot LLC has filed a response denying all allegations and has asserted substantial counterclaims.
+Added: The counterclaims seek a declaration that the agreements are valid and enforceable, specific performance of the agreements, injunctive relief to protect contractual rights, damages for breach of contract, reputational damages, damages for loss of use of land, punitive damages of 5 million Zambian Kwacha, interest, and costs.
+Added: The matter was scheduled for a Status Conference on May 9, 2025, which has been adjourned to June 13, 2025.
+Added: Sadot LLC is preparing to file an application to stay proceedings and refer the matter to arbitration pursuant to the dispute resolution mechanism in the parties' agreement, as well as seeking injunctive relief to protect its interests in the joint venture.
+Added: Management, in consultation with legal counsel, believes Sadot LLC has strong defensible positions with respect to this matter and intends to vigorously defend against the claims while pursuing its counterclaims.
+Added: Based on current information, management does not believe that the ultimate resolution of this matter will have a material adverse effect on the Company's financial position or results of operations.
+Added: However, litigation is inherently unpredictable, and we cannot provide assurances regarding the outcome.
+Added: The Company has not recorded any material liabilities in connection with this matter as a loss is neither probable nor reasonably estimable at this time.
+Added: The Company will continue to evaluate this matter and will establish reserves if and when appropriate.
On November 7, 2024, Lombard Trading International Corp.
5 unchanged sentences
While the Company believes it has meritorious defenses, it cannot predict the outcome of this matter or reasonably estimate the potential loss at this time.
−Removed: We are exposed to potential business disruption including, but not limited to, disruption of transportation services, disruption in the supply, and other impacts resulting from acts of terrorism or war, natural disasters, pandemics, severe weather conditions, accidents, or other planned disruptions, which could adversely affect our operating results.
−Removed: Our operations rely on dependable and efficient transportation services the disruption of which could result in difficulties supplying materials to our facilities and impair our ability to deliver products to our customers in a timely manner.
−Removed: Certain factors which may impact the availability of agricultural commodity raw materials are out of our control including, but not
−Removed: limited to, disruptions resulting from weather, high or low river water conditions, economic conditions, manufacturing delays or disruptions at suppliers, shortage of materials, interruption of energy supply and unavailable or poor supplier credit conditions.
−Removed: Our Company’s operating results could be affected by political instability and by changes in monetary, fiscal, trade, and environmental policies, laws, regulations, and acquisition approvals, creating risks including, but not limited to:
−Removed: changes in a country’s or region’s economic or political conditions, local labor conditions and regulations, and safety and environmental regulations;
−Removed: reduced protection of intellectual property rights;
−Removed: changes in the regulatory or legal environment;
−Removed: restrictions on currency exchange activities;
−Removed: currency exchange fluctuations;
−Removed: burdensome taxes and tariffs;
−Removed: enforceability of legal agreements and judgments;
−Removed: adverse tax, administrative agency or judicial outcomes;
−Removed: and regulation or taxation of greenhouse gases.
−Removed: International risks and uncertainties, including changing social and economic conditions as well as terrorism, political hostilities, and war, could limit our ability to transact business in these markets.
−Removed: Our Company benefits from the free flow of agricultural and food and feed ingredient products from the U.S.
−Removed: and other sources to markets around the world.
−Removed: Increases in tariff and restrictive trade activities around the world (e.g., the U.S.-China trade relations dispute, Iran sanctions) could negatively impact our ability to enter certain markets or the price of products may become less competitive in those markets.
−Removed: Also, see Item 7 ("Management's Discussion and Analysis of Financial Condition and Results of Operations - Factors that May Affect Future Results and Financial Condition") of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 20, 2024.
+Added: See Item 7 ("Management's Discussion and Analysis of Financial Condition and Results of Operations - Factors that May Affect Future Results and Financial Condition") of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 11, 2025.
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.