InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,222.63
(
0.53%
)
Post# of 48
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Enterprising Investor

Send PM Follow Ignore
Followers 240
Posts 12050
Boards Moderated 1
Alias Born 04/05/2009

Enterprising Investor

Member Level

Re: Enterprising Investor post# 13

Monday, 02/29/2016 2:33:43 PM

Monday, February 29, 2016 2:33:43 PM

Post# of 48
Chairman and CEO Michael L. Ashner responding to an analyst question today by stating that the scope of litigation is about $600 million with default interest.

FUR would receive about 20 percent of the judgment plus promoted interest, subject to the legal fees.

The lawsuit was new information to me.

It now appears highly likely that shareholders will receive liquidating trust interests later this year.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up