LEGAL PROCEEDINGS
−Removed: We were a defendant in litigation instituted by David Clapper and related entities (collectively, "Clapper”) regarding a multifamily property transaction that occurred in 1988.
−Removed: The litigation led to a substantial judgment against our affiliate and Clapper subsequently sued numerous other entities including us in Federal Court to collect that judgment.
−Removed: The case was tried to a jury in May 2021.
−Removed: The jury found the defendants owed Clapper nothing and the Court issued a take nothing judgment.
−Removed: Clapper subsequently filed an appeal to the US Fifth Circuit Court of Appeals, and on March 8, 2024, the court reversed the judgment and remanded the case for further proceedings.
+Added: We had been engaged in litigation with David Clapper and entities related to Mr.
+Added: Clapper (collectively, “Clapper") since 1999.
+Added: The matter originally involved a transaction in 1998 in which we were to acquire eight multifamily properties from the Clapper.
+Added: Through the years, several rulings, both for and against us, were issued with a range of settlement from zero to $148.0 million .
+Added: On October 31, 2024, we executed a Settlement Agreement and General Release (the “Settlement Agreement”) and paid $23.4 million to resolve all claims.
+Added: On November 8, 2024, the court dismissed the case with prejudice.
+Added: We are defendants in litigation related to a property sale ("Nixdorf") that was completed in 2008, which was tried to a jury in March 2023.
+Added: On March 18, 2023, the jury in the case returned a “Plaintiff take nothing” verdict in our favor.
+Added: On January 7, 2025, the Fifth District Court of Appeals at Dallas reversed the trial court's judgement and remanded the case to the trial court.
+Added: We intend to challenge the ruling by writ of mandamus.
MINE SAFETY DISCLOSURES
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.