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27.12.2024 15:29:30
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Safe & Green Secures Legal Victory Against EDI International,PC PVE; Stock Up
(RTTNews) - Safe & Green Holdings Corp. (SGBX), Friday announced that the company has secured a favorable legal judgment in its litigation against EDI International, PC, and PVE, LLC. The court asked the defendants to pay around $1.27 million in damages, with additional potential awards for interest, legal costs, and attorney's fees.
In the pre-market hours, Safe & Green's stock is climbing 15.88 percent, to $0.52 on the Nasdaq.
The lawsuit had claimed intentional interference with prospective economic relations and contractual obligations.
The Superior Court of Los Angeles County found that the defendants' actions disrupted critical economic relationships and contractual agreements, resulting in damages to Safe & Green Holdings.
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