LEGAL PROCEEDINGS
−Removed: As we previously disclosed, Afilias, a competitor and losing bidder in the .web auction, filed a form of arbitration proceeding against ICANN, an Independent Review Process (IRP) under ICANN’s bylaws, on November 14, 2018.
−Removed: Afilias alleges that the agreement between Verisign and Nu Dotco, LLC (NDC) pertaining to .web violated ICANN’s new gTLD Applicant Guidebook.
−Removed: As a result, Afilias claims that ICANN had a duty to disqualify NDC’s bid and award .web to Afilias.
−Removed: Afilias also claims that ICANN would violate its bylaws pertaining to competition by awarding .web to Verisign.
−Removed: Afilias amended its IRP on March 21, 2019 in part to oppose Verisign’s and NDC’s participation in the IRP.
+Added: As previously disclosed, a subsidiary of Afilias plc (“Afilias”), a competitor and losing bidder in the .web auction, filed a form of arbitration proceeding against ICANN, an Independent Review Process (“IRP”) under ICANN’s bylaws, on November 14, 2018.
+Added: Afilias alleges that the agreement between Verisign and Nu Dotco, LLC (“NDC”) pertaining to .
+Added: web violated ICANN’s new gTLD Applicant Guidebook.
+Added: As a result, Afilias claims that ICANN had a duty to disqualify NDC’s bid and award the .
+Added: web gTLD to Afilias.
+Added: Afilias also claims that ICANN would violate its bylaws pertaining to competition by awarding the .
+Added: web gTLD to Verisign.
+Added: Afilias amended its IRP request on March 21, 2019 in part to oppose Verisign’s and NDC’s participation in the IRP.
A hearing was held on Verisign’s and NDC’s applications for participation and, on February 12, 2020, the IRP panel permitted Verisign and NDC to participate in aspects of the IRP.
−Removed: We believe that Afilias’ claims regarding Verisign’s and NDC’s conduct are without merit and we intend to vigorously oppose Afilias in this matter.
+Added: In early August 2020, the IRP panel held a hearing on Afilias’ claims.
+Added: We expect the IRP panel to issue its decision in the first quarter of 2021.
+Added: We believe that Afilias’ claims regarding Verisign’s and NDC’s conduct are without merit, and we intend to vigorously oppose Afilias’ claims in this matter.
We are also involved in various investigations, claims and lawsuits arising in the normal conduct of our business, none of which, in our opinion, will have a material adverse effect on our financial condition, results of operations, or cash flows.
4 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.