Scully Royalty Ltd

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Litigation, Other Pre-Announcement

Scully Royalty Provides Update On Litigation Relating To Former Parent Company Of Group

Published: 10/05/2020 17:17 GMT
Scully Royalty Ltd. (SRL) - Scully Royalty - Provides Update on Litigation Relating to Former Parent Company of Group.
Scully Royalty - Plaintiff Was Granted, in Cayman Islands, an Initially Ex Parte (without Any Notice) Freeze Order.
Scully Royalty - Appealed Decision and Currently Expects Appeal to Be Heard in Front of a Three-judge Panel in H2 2021.
Scully Royalty Ltd - Freeze Order Has No Implications on Ongoing Daily Businesses.
Scully Royalty- Currently Expect Litigation Relating to Former Parent Co of Group, Which is in Its Very Early Stages, Will Not Be Resolved in Short-term.
Scully Royalty - Co Filed a Counterclaim Against Plaintiff in Excess of Their Claims Against Co.
Scully Royalty Ltd - Counterclaim is Not Inclusive of Other Potential Damage Claims Which We Intend to Raise in Future.