Legal Proceedings
−Removed: From time to time, we may be involved in various legal proceedings arising from the normal course of business activities.
+Added: On January 25, 2022, we filed a complaint (subsequently amended on February 9, 2022) against Avalara, Inc.
+Added: (“Avalara”) in the United States District Court for the Eastern District of Pennsylvania.
+Added: The complaint alleges claims of unfair competition, intentional interference with contractual relations, and trade secret misappropriation against Avalara.
+Added: We are seeking a permanent injunction to prevent Avalara from further interfering in our contractual relations and to prohibit them from using or disclosing in any way our confidential, proprietary, and/or trade secret information.
+Added: We are also seeking monetary damages, including punitive damages, and attorneys’ fees.
+Added: On February 7, 2022, Avalara filed a motion to dismiss the complaint for lack of personal jurisdiction.
+Added: Avalara withdrew that motion on February 17, 2022, and filed a renewed motion to dismiss the amended complaint for lack of personal matter jurisdiction on March 2, 2022.
+Added: Vertex’s opposition to the motion to dismiss is due on March 23, 2022.
+Added: We believe that the allegations in the complaint, once proven, are sufficient to prevail in this matter.
+Added: However, the eventual outcome of the case is subject to a number of uncertainties, and therefore we cannot offer any assurance as to the ultimate impact of this case on our business and operations.
+Added: In addition to the foregoing matter, from time to time, we may be involved in various legal proceedings arising from the normal course of business activities.
We are not presently a party to any litigation the outcome of which we believe, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows or financial condition.
2 unchanged sentences
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.