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Chairman and CEO Michael L. Ashner responding to

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Enterprising Investor Member Level  Monday, 02/29/16 02:33:43 PM
Re: Enterprising Investor post# 13
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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
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