Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / board-update-memorandum.docx
board-update-memorandum.docx
Parties
Harkness LLP
Stonefield Logistics Group Inc
Ridgepoint Capital Management LLC
Model Stonefield Logistics Group Inc
Daye LLP
Corbin Risk Advisors LLC
Ashbury Corp
Kline LLP
Dates
July 25, 2025
April 30, 2025
July 14, 2025
August 13, 2025
April 30, 2022
May 2, 2025
May 8, 2025
May 5, 2025
May 19, 2025
June 2, 2025
Amounts
$73,958,409.00
$285
$198
$312.7
$28.4
$14.50
$38.00
$1,247
$21.50
$32.25
Obligations
• Acceptance Rate: An 85% minimum delivery acceptance rate per rolling 30-day period is required to maintain active status
• Personal Vehicles: Drivers are required to use their personal vehicles, which must meet SLG specifications regarding cargo capacity, vehicle age, insurance coverage, and maintenance standards
The Driver hereby waives any right to participate in any class, collective, or representative action or proceeding, and agrees that any arbitration shall be conducted on an individual basis only
However, a significant litigation risk must be addressed
This is a litigation risk that must be addressed on a driver-by-driver or hub-by-hub basis and will require factual development during discovery
• The $2 million self-insured retention means that SLG must fund the first $2 million in defense costs and/or settlement/judgment amounts before Broadleaf's coverage obligations attach