litigation
confidence high
sentiment positive
materiality 0.70
Brand Engagement Network settles Evora lawsuit for $825,000, with $650,000 due through December 2026
Brand Engagement Network Inc.
- Brand Engagement Network entered a Sept. 30, 2026 Settlement and Forbearance Agreement with Evora Partners, LLC and guarantor BEN Capital Fund I, LLC.
- Settlement amount is $825,000, including $75,000 for Evora attorneys' fees, versus about $1.3 million owed under a January 2021 consulting agreement.
- The Company paid $175,000 and will pay the remaining $650,000 in installments through December 2026, with BEN Capital Fund I, LLC guaranteeing payment.
- Evora will dismiss its Sept. 2, 2026 SDNY lawsuit, Evora Partners, LLC v. Brand Engagement Network Inc., asserting breach of contract and declaratory relief claims.