---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003600"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:50:23.720169+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-003600
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774924003600/0001437749-24-003600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774924003600/gyrllc20240208_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003600
- JSON: https://secwatch.observer/filing/0001437749-24-003600.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003600.txt

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