litigation
confidence high
sentiment positive
materiality 0.65
Planet 13 recovers $2.1M in settlement, total recovery from stolen funds reaches ~$10.5M including real estate
Planet 13 Holdings Inc.
- Settlement with Casa Verde returns $2.1M; total WAB recovery now $5.5M.
- Company obtains real estate valued at ~$5M from former El Capitan principals; intends to sell.
- Lawsuit against El Capitan and CEO Andrew Nash continues for ~$10.3M in compensatory damages.
- Default entered against El Capitan and Nash; company pursuing default judgment.