JENKINTOWN, PA-Pitcairn Properties Holdings Inc., a commercial realty firm, and PPH Investments LLC, a preferred shareholder, have finally reached a compromise after a grueling legal battle in court.
They have decided to resolve the long-standing feud and nominate a new chairman after the Wilmington bankruptcy court found that the Pitcairn bankruptcy filing was conducted in bad faith. As per the settlement, Eric Blum of PPH Investments will become the new chairperson of Pitcairn's board of directors. For the full story, go to Wall Street Journal.
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