Court partially denies motions to dismiss in Article 78 proceeding; answer due in 20 days

Gyrodyne, LLC

Supreme Court of NY, Suffolk County, issued order on Feb 6, 2024, partially denying and granting motions.
Denied motions as to three individual petitioners and the St. James-Head of the Harbor Coalition.
Granted motions as to 20 other individuals and the Village of Head of the Harbor.
Denied Gyrodyne's motion alleging failure to state a claim; must serve an answer within 20 days.
Gyrodyne says order does not affect strategic timeline or net asset estimate; expects sales by end of 2025.

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