Safe & Green Holdings Corp. (SGBX) announced on Friday a favorable outcome in its legal proceedings against EDI International, PC, and PVE, LLC. The court has ruled in favor of Safe & Green, awarding them approximately $1.27 million in damages. This amount may increase further with the inclusion of interest, legal costs, and attorney's fees.
In response to this news, Safe & Green's stock is experiencing an upward trend in pre-market trading, climbing by 15.88 percent to reach $0.52 on the Nasdaq.
The lawsuit centered on accusations of intentional interference with prospective economic relationships and breaches of contractual obligations. The Superior Court of Los Angeles County concluded that the defendants' actions significantly disrupted essential economic partnerships and contractual commitments, leading to financial losses for Safe & Green Holdings.
The material has been provided by InstaForex Company - www.instaforex.com
In response to this news, Safe & Green's stock is experiencing an upward trend in pre-market trading, climbing by 15.88 percent to reach $0.52 on the Nasdaq.
The lawsuit centered on accusations of intentional interference with prospective economic relationships and breaches of contractual obligations. The Superior Court of Los Angeles County concluded that the defendants' actions significantly disrupted essential economic partnerships and contractual commitments, leading to financial losses for Safe & Green Holdings.
The material has been provided by InstaForex Company - www.instaforex.com