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News
$Safe & Green (SGBX.US)$ MIAMI, FL, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today announced a decisive legal victory in its litigation against EDI International, PC, and PVE, LLC. The Superior Court of Los Angeles County awarded a judgment in favor of Safe & Green Holdings, granting the Company $1,274,752 in damages, with additional potential awards for interest, legal costs, and attorney's fees.
This judgment resolves claims related to intentional interference with prospective economic relations and contractual obligations, highlighting the Company's steadfast commitment to protecting its interests and ensuring fairness for its shareholders.
Paul Galvin, Chairman and CEO of Safe & Green Holdings, stated, "This judgment is a testament to the power of perseverance and the pursuit of justice. In the end, the truth prevailed, and we achieved a great outcome for our shareholders. This victory not only validates our position but also reinforces the strength of our team and our dedication to delivering value for those who place their trust in us."
The court ruled that the defendants' actions disrupted critical economic relationships and contractual agreements, resulting in damages to Safe & Green Holdings. The Company is committed to ensuring that the awarded damages benefit shareholders and contribute to its mission of advancing sustainable and innovative building solutions.
This judgment resolves claims related to intentional interference with prospective economic relations and contractual obligations, highlighting the Company's steadfast commitment to protecting its interests and ensuring fairness for its shareholders.
Paul Galvin, Chairman and CEO of Safe & Green Holdings, stated, "This judgment is a testament to the power of perseverance and the pursuit of justice. In the end, the truth prevailed, and we achieved a great outcome for our shareholders. This victory not only validates our position but also reinforces the strength of our team and our dedication to delivering value for those who place their trust in us."
The court ruled that the defendants' actions disrupted critical economic relationships and contractual agreements, resulting in damages to Safe & Green Holdings. The Company is committed to ensuring that the awarded damages benefit shareholders and contribute to its mission of advancing sustainable and innovative building solutions.
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