Steward disputes seller's default claim on $20M Hawthorne purchase; $1M deposit at stake

Stewards, Inc.

Seller John E. Swenson Co. claims buyer default after Aug 10, 2026 closing missed; seeks $1M deposit as liquidated damages.
Buyer Stewards Real Estate disputes default; escrow to hold deposit pending mutual instructions or court order.
No termination of Purchase Agreement; company to pursue contractual, legal and equitable remedies.
Acquisition of $20M property in Chatham, MA may be delayed or fail; deposit loss and liquidity risk flagged.

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