Princeton Capital settles lawsuit with GVS, affiliates for $11.37M

PRINCETON CAPITAL CORP

Company receives $11.37M settlement from GVS affiliates and Natin Paul to resolve State Litigation and Adversary Proceeding.
Payment due within 3 days after Bankruptcy Court approval and satisfaction of other conditions precedent.
Settlement includes assignment of promissory notes and dismissal with prejudice of the Adversary Proceeding.
State Litigation had yielded $9.76M judgment plus $151k attorneys' fees; settlement exceeds that amount.

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