---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000658"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:02:24.808828+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NJ Appellate Division orders Sinatra to pay FREIT $15M liquidated damages

## Summary
- Court affirmed Sinatra breached Purchase Agreement; reversed prior ruling voiding liquidated damages.
- FREIT entitled to $15 million liquidated damages plus $3.42M in attorneys' fees and costs.
- Case remanded to trial court to enforce payment; FREIT intends to collect the awarded amounts.
- Appellate Division issued opinion on May 1, 2024; FREIT filed this 8-K on May 2, 2024.

## SEC filing metadata
- accession: 0001174947-24-000658
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000117494724000658/0001174947-24-000658-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000117494724000658/form8k-32236_frevs.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000658
- JSON: https://secwatch.observer/filing/0001174947-24-000658.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000658.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.