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8-K filed November 21, 2023, 6:59 PM ET ticker PBFS CIK 0001769663
litigation confidence high sentiment positive materiality 0.65

Pioneer Bancorp settles malpractice suit; to receive $5.95M from TBC Parties

Pioneer Bancorp, Inc./MD

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Pioneer Bancorp, Inc./MD entered into Settlement Agreement with Teal, Becker & Chiaramonte, CPAs, P.C., Mr. Pasquale M. Scisci and Mr. Vincent Commisso valued at $5,950,000 payment by TBC Parties to the Bank (effective 2023-11-15).

Action
entry
Agreement
settlement
Counterparty
Teal, Becker & Chiaramonte, CPAs, P.C., Mr. Pasquale M. Scisci and Mr. Vincent Commisso
Value
$5,950,000 payment by TBC Parties to the Bank
Effective
2023-11-15
Exact text from the filing
On November 15, 2023 (the “Effective Date”), the Bank, on the one hand, and the TBC Parties, on the other hand, entered into a settlement agreement (the “Settlement Agreement”), pursuant to which the parties agreed to resolve and settle all disputes and potential claims which exist or may exist among them, including without limitation those claims asserted in the Action, as more specifically set forth in, and subject to the terms and conditions of, the Settlement Agreement.
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Pioneer Bancorp, Inc./MD filing history →

Source: SEC EDGAR
accession 0001558370-23-019287
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