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Amendment No. 3 to Form S-I
Table of Contents
Legal Proceedings
Since opening our first location in the United States in 1997. we have brought chumuqueiros, or gaucho chefs, to the United States from
Brazil utilizing the L-1B "specialized knowledge" visa which generally permits an employee to remain in the United States for up to five years. We
also utilize the L-IA "intracompany manager' visa for our employees who qualify. The L-1A visa generally permits an employee to remain in the
United Staters for up to seven years.
The Department of Homeland Security's Bureau of Citizenship & Immigration Services (USCIS, formerly INS) began to narrow its
interpretation of L-1B visa eligibility as to all corporate petitioners in 2007. Beginning in 2009. the USCIS ceased approving our L-1B visas and
recommended that the petitions of 10 current L-1B visa holders be revoked. We contested the adverse actions before USCIS, and then sued USCIS
in US District Court. The US District Court affirmed the USCIS denials in 2013, but we appealed that determination, and on October 21. 2014, the
US Court of Appeals for the D.C. Circuit granted our appeal, reversed the USCIS denial, and remanded the representative L-1B petition in question
to the district court, with instructions to vacate the denial and to remand to USCIS for further consideration in light of the Court's correction of
USCIS's factual and legal adjudication errors. We anticipate USCIS may repoen the matter following remand to the district caul and render a new
decision in accordance with the D.C. Circuit's decision. but to date there has been no final resolution of the representative L-1B petition and no
specific indication of how USCIS will adjudicate the reopened matter.
We are currently involved in various claims, investigations and legal actions that arise in the ordinary course of our business, including claims
end investigations resulting from employment-related matters None of these matters, most of which are covered by insurance, has had a material
effect on us. and as of the date of this prospectus. we are not party to any material pending legal proceedings and are not aware of any claims that
could have a material adverse effect on our business. financial condition, results of operations or cash flows. However. a significant increase in the
number of these claims or an increase in amounts owing under st cecsful claims could materially and adversely affect our busine , financial
condition. results of operations or cash flows.
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057057
CONFIDENTIAL SONY GM_00203241
EFTA01365830
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