litigation
confidence high
sentiment neutral
materiality 0.40
Shareholder derivative lawsuit against IOR voluntarily dismissed with prejudice
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
- Plaintiff Paul Berger voluntarily dismissed derivative suit on June 28, 2022; no settlement or consideration paid.
- Court dismissed 11 of 13 claims prior to motion; remaining claims dropped voluntarily.
- Shareholders have 45 days from notice to intervene if they wish to pursue claims.
- Dismissal with prejudice means same claims cannot be re-filed.
- Nominal defendant IOR; company faces no further litigation costs from this action.