Southland subsidiary settles WA convention center lawsuit; sureties to pay additional $26.5M

Southland Holdings, Inc.

American Bridge resolves litigation over Washington State Convention Center expansion project.
Sureties previously paid $57.8M on $57.1M Merits Judgment against American Bridge.
Settlement requires sureties to pay another $26.5M ($25.5M costs/fees + $1M sanctions).
American Bridge is appealing the sanctions order; rights are reserved under the agreement.
Repayment terms with sureties being negotiated; forbearance on repayment until March 2027.

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

Southland Holdings, Inc. entered into Settlement Agreement and Release of Claims with Clark/Lewis, a Joint Venture valued at Settlement resolves litigation; additional payment of approximately $26.5 million to Clark/Lewis. (effective 2026-03-27).

Action: entry
Agreement: settlement
Counterparty: Clark/Lewis, a Joint Venture
Value: Settlement resolves litigation; additional payment of approximately $26.5 million to Clark/Lewis.
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026, American Bridge Company (“American Bridge”), a wholly owned subsidiary of Southland Holdings, Inc. (the “Company”), entered into a Settlement Agreement and Release of Claims (the “Settlement Agreement”) with Clark/Lewis, a Joint Venture (“Clark/Lewis”), certain sureties of American Bridge (the “Sureties”), the Washington State Convention Center (“WSCC”), and American Bridge’s litigation counsel.

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Source: SEC EDGAR

accession 0001829126-26-003120

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