litigation
confidence high
sentiment positive
materiality 0.60
One Liberty Properties settles lawsuit for $5.4M, conditional on payment by April 15, 2022
ONE LIBERTY PROPERTIES INC
- Settlement agreement requires payment of ~$5.4M by April 15, 2022.
- If paid, parties will dismiss claims with prejudice and release related parties.
- If not paid, litigation continues; OLP and defendant retain all rights.
- Lawsuit involves OLP Wyoming Springs, LLC vs Harden Healthcare, LLC in Texas state court.