1 unchanged sentence
On January 31, 2022 and February 11, 2022, putative class action lawsuits were filed in the U.S.
−Removed: District Court for the Eastern District of New York against us and certain of the Company’s officers and directors.
+Added: District Court for the Eastern District of New York against us and certain of our officers and directors.
The cases were consolidated on June 2, 2022, and the plaintiffs filed an amended complaint on July 1, 2022.
−Removed: The amended complaint cites the volatility in the Company’s common stock and alleges that the defendants made or are responsible for misleading omissions regarding the Company’s clinical trial results and Collaboration Agreement with Takeda.
−Removed: The parties reached a settlement in principle of the plaintiffs’ claims in the amount of $1.4 million on November 2, 2022.
−Removed: The settlement is subject to a definitive settlement agreement, notice to stockholders and court approval.
−Removed: The parties filed their motion for preliminary approval of the settlement agreement with the court on December 14, 2022, and, as of February 22, 2023, that motion is pending.
+Added: The amended complaint cited the volatility in our common stock and alleged that the defendants made or were responsible for misleading omissions regarding the Company’s clinical trial results and the collaboration agreement with Millennium Pharmaceuticals, Inc., a wholly-owned subsidiary of Takeda Pharmaceutical Company, Ltd..
+Added: The court approved the parties settlement of the plaintiffs’ claims in the amount of $1.4 million and entered a final judgment dismissing the class action claims with prejudice on November 6, 2023.
+Added: The Company paid the amount to the escrow agent for the settlement on June 19, 2023.
+Added: We may in the future be involved in legal proceedings, claims, investigations and government inquires arising in the ordinary course of our business.
We are not presently a party to any other legal proceedings that, in the opinion of our management and if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or cash flows.
Mine Safety Disclosures
+Added: Not applicable.
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.