Stewards settles Swenson lawsuit over USD 1 million deposit tied to terminated property deal
Bitget2026/09/22 10:02- Stewards ended litigation tied to a failed USD 20 million Massachusetts property purchase through a confidential settlement dated Sept. 17, 2026.
- Settlement terminates the purchase agreement for The Hawthorne in Chatham, Massachusetts, ending obligations to buy the property.
- Escrow will pay USD 100,000 to John E. Swenson Co. while returning USD 900,000 of the earnest-money deposit.
- Swenson must file a stipulation to dismiss the lawsuit with prejudice within three business days of receiving settlement funds.
- No liability admission; each side covers its own legal costs; no separate early termination penalty stated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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