AmBase secures additional $1.5 million from CEO Bianco to fund 111 West 57th litigation
Bitget2026/10/13 19:13- AmBase secured an extra USD 1,500,000 from CEO Richard A. Bianco to fund litigation tied to the 111 West 57th property.
- The payment, made under an existing litigation funding agreement, adds to a USD 6,000,000 initial funding commitment.
- Management flagged substantial continuing litigation costs tied to the dispute over its 111 West 57th investment.
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