Limoneira settles Thomas Fire claims with SCE for $9M

Limoneira CO

Resolved all claims against Southern California Edison for damages from December 2017 Thomas Fire and Koenigstein Fire.
Total settlement of $9,000,000; company expects to receive ~68% net of legal and related costs.
Settlement covers property damage and losses from fires near Ojai and Santa Paula, California.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Limoneira CO entered into Confidential Settlement Agreement and Release with Southern California Edison Company and Edison International valued at $9,000,000 (effective 2023-04-18).

Action: entry
Agreement: settlement
Counterparty: Southern California Edison Company and Edison International
Value: $9,000,000
Effective: 2023-04-18

Exact text from the filing

On April 18, 2023, Limoneira Company (the “ Company ”) entered into a Confidential Settlement Agreement and Release (the “ Settlement Agreement ”) with Southern California Edison Company (“ SCE ”) and Edison International (together with SCE, “ Edison ”) to formally resolve any and all claims between the Company and Edison for damages relating to the Southern California wildfires known as the Thomas Fire and the Koenigstein Fire (together the “ Fire ”), which ignited on December 4, 2017 in two separate locations near the Cities of Ojai and Santa Paula, California.

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Limoneira CO filing history →

Source: SEC EDGAR

accession 0001104659-23-048972

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