Court partially grants summary judgment in Bryant Park lease dispute; Company to appeal

ARK RESTAURANTS CORP

• Court granted Company summary judgment on breach of contract for Bryant Park Grill and right of first lease for Café; damages to be tried later.
• Court granted Landlord summary judgment on ejectment, use and occupancy, and breach for Bryant Park Café and Porch; Company to appeal.
• Filing of Notice of Appeal will automatically stay eviction pending appeal; Company must post an undertaking set by the court.
• Company added age discrimination claim in amended complaint on June 16, 2025; claim dismissed in recent ruling.
• Uncertainty from dispute has had and is expected to continue to have a material adverse impact on business and financial condition.