Clipper Realty Inc. is currently involved in litigation concerning its subsidiary, 141 Livingston Owner LLC, and the 141 Livingston Street property. Wells Fargo Bank, as a trustee for certain certificate holders, filed a lawsuit against Clipper Realty Inc. and its operating partnership, Clipper Realty L.P., in the New York State Supreme Court, seeking the appointment of a receiver for the property. However, on May 13, 2025, the court denied Wells Fargo's motion, citing the improbability of their success in the case. The court also denied Clipper Realty's motion to dismiss the lawsuit, highlighting that the claims raise a question of fact. Clipper Realty maintains that the lawsuit is without merit and is committed to defending against it vigorously.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。