Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-authority-memorandum.docx
settlement-authority-memorandum.docx
Parties
HARKNESS LLP
Pellegrino Capital Group LLC
Meridian Shores Hospitality LLC
Palmetto Grand Ventures LLC
Linden Park Advisory LLC
Alcazar Dispute Resolution LLC
Castillo LLP
Whitfield Realty Advisors LLC
Dates
February 12, 2024
June 15, 2017
January 15, 2024
March 20, 2023
April 5, 2023
April 28, 2023
May 15, 2023
June 1, 2023
July 14, 2023
December 31, 2022
Amounts
$48.0
$54.0
$50.0
$52.0
$130.0
$138.0
$134.0
$48.6
$17.01
$46.9
Obligations
4(c), which provides that if the two parties' appraisals diverge by more than 10%, the parties shall jointly retain a neutral third appraiser
The provision states, in relevant part: "In the event that the Manager exercises the Call Option in bad faith or with the intent to materially understate the Fair Market Value of the Company's assets, the Redemption Price shall include a penalty in an amount up to twenty-five percent (25%) of the determined Fair Market Value of the redeemed Membership Interest, as the Arbitrator shall determine in its sole discretion
1440032871 with prejudice; and (d) An agreement that each party shall bear its own attorneys' fees, costs, and expenses incurred in connection with the arbitration, the mediation, and the negotiation of the settlement