LEGAL PROCEEDINGS
−Removed: We are 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.
+Added: As previously disclosed, Afilias Domains No.
+Added: 3 Limited (now called Altanovo Domains Limited) (“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: In response to the Final Decision issued by the IRP Panel, the ICANN Board of Directors directed its Board Accountability Mechanism Committee (“BAMC”) to evaluate Aflias’ objections and Nu Dotco, LLC’s auction blackout period claim.
+Added: On May 19, 2022, the BAMC requested that the parties submit detailed summaries of their claims along with supporting materials.
+Added: Initial submissions are due on July 29, 2022, and replies are due on August 29, 2022.
+Added: 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.
We cannot assure you that we will prevail in any litigation.
1 unchanged sentence
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.