secwatch.observer — SEC 8-K summary
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Issuer:     INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ (IOR)
CIK:        0000949961
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001010549-22-000170
Event type: litigation
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholder derivative lawsuit against IOR voluntarily dismissed with prejudice
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949961/000101054922000170/0001010549-22-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949961/000101054922000170/income8k.htm
  HTML page:      https://secwatch.observer/filing/0001010549-22-000170

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer