litigation
confidence high
sentiment negative
materiality 0.50
Kushner moves to dismiss FREIT's complaint seeking to pierce corporate veil for $3.42M judgment
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- FREIT filed complaint on July 19, 2023, to collect $3.42M judgment against Sinatra Properties LLC, an affiliate of Kushner.
- Complaint alleges Kushner used Sinatra as a shell to evade debts and asks court to pierce corporate veil.
- On Sep 22, 2023, Kushner filed motion to dismiss complaint in lieu of an answer.
- FREIT will vigorously oppose the motion to dismiss.