litigation
confidence high
sentiment neutral
materiality 0.40
Dream Homes discloses two non-binding arbitration awards against subsidiary Shore Custom Homes
Dream Homes & Development Corp.
- Two non-binding arbitration awards assessed against subsidiary Shore Custom Homes Corp.
- Company considers lawsuits frivolous, vigorously defending, expects to prevail.
- Company states no material consequence from these lawsuits; all other operations continue.
- CEO Vincent Simonelli reports solid growth in 2023 in custom and new home development.