litigation
confidence high
sentiment positive
materiality 0.60
Ohio Supreme Court overturns ruling against Avalon subsidiary on water well suspension
AVALON HOLDINGS CORP
- Supreme Court of Ohio unanimously reversed Dec. 2022 Court of Appeal decision denying writ of mandamus.
- Case remanded to lower court for trial on merits of takings claim over suspended salt water injection well.
- Subsidiary AWMS Water Solutions, LLC seeks compensation from Ohio Department of Natural Resources.
- Ruling revives company's property interest argument after earlier adverse ruling.
- No financial impact quantified; further litigation required.