ARL settles litigation with $23.4M payment; resolves $148M judgment claims

AMERICAN REALTY INVESTORS INC

Paid $23.4 million to Clapper on Oct 31, 2024 to settle litigation over a 1998 multifamily property transaction.
Original $148M judgment against ARL in 2011 was later reversed; case had been remanded for new trial before settlement.
All parties will file a motion to dismiss with prejudice in the District Court by Nov 10, 2024.
Settlement ends a multi-year appeals process; final cash outlay of $23.4M completed as required.

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