Legal Proceedings
−Removed: The Company and its subsidiaries are subject to various legal actions, as described in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report on Form 10-K”)
−Removed: filed with the SEC on March 8, 2022.
−Removed: As previously disclosed, in response to a Notice of Termination received from Kasasa, Ltd.
−Removed: f/k/a Moneyvue Financial, Inc., Bankvue Financial, Inc., and BancVue, Ltd.
−Removed: (“Kasasa”) purporting to
−Removed: terminate a Software License and Maintenance Agreement (the “Software License Agreement”), Trademark License Agreement (the “Trademark License Agreement”), and Addendum to Software License Agreement (“Addendum”) between the Company’s wholly-owned
−Removed: banking subsidiary City Bank (the “Bank”) and Kasasa, the Bank filed suit against Kasasa in Travis County, Texas, styled City Bank v.
−Removed: Kasasa, Ltd., Cause No.
−Removed: D-1-GN-20-003630, 53rd Judicial District, Travis County, Texas.
−Removed: On or about September 23, 2022, the parties entered into a Settlement Agreement and Mutual Release (the “Settlement Agreement”), pursuant to which the parties agreed to the settlement and release of
−Removed: all claims related to the Software License Agreement, Trademark License Agreement, and Addendum, including all claims and counterclaims in the lawsuit.
−Removed: Thereafter, the parties filed a joint motion to dismiss with prejudice and the court formally
−Removed: dismissed the case by order dated October 7, 2022.
+Added: The Company and its subsidiaries are subject to various legal actions, as described in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report on Form
+Added: 10-K”) filed with the SEC on March 13, 2023.
Except as described above or in our 2022 Annual Report on Form 10-K, we are not presently involved in any other litigation, nor to our knowledge is any litigation threatened against us, that in
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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.