Examples of Specified Litigation in a sentence
The mobile home park was designed for older (single-wide) mobile homes.
The relevant disclosure will focus mainly on the structure of the CCEs including a description of the Specified Litigation, an explanation of the formula to be used to calculate the Net Litigation Proceeds, details of the procedures to be followed to determine and distribute the Net Litigation Proceeds and disclosure related to the measures to be taken to segregate and safeguard any Net Litigation Proceeds pending their distribution to former CINAR shareholders.
The disclosure statement for the prepacked bankruptcy represented that “[t]he Reorganized Debtors, Avenue and Fortress will enter into [a] Specified Litigation Agreement” to pursue “Specified Litigation Claims” against the plaintiffs.
As the Delaware Action progressed, the plaintiffs continued to update their demands for indemnification and advancement, which now encompassed fees and expenses incurred in connection with the Franchisee Actions, fees and expenses incurred in investigating the potential Specified Litigation Claims, and fees and expenses incurred defending the Colorado Action.3 3 On September 17, 2015, the United States District Court for the District of Colorado granted a motion to dismiss the Colorado Action.
They also sought to recover the expenses they had incurred in preparing for a potential litigation that Avenue and Fortress had indicated they would assert under the Specified Litigation Agreement.The plaintiffs asked the Subs to respond to their request within ten days.