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Donal O'Sullivan, CEO and founder, Navillus Donal O’Sullivan, founder and CEO of Navillus

NEW YORK CITY—Navillus was granted approval to exit Chapter 11 bankruptcy protection. The construction company reached a settlement with union benefit funds and trustees in August. This was approved by Judge Sean H. Lane on Thursday. The construction company has agreed to pay $25.7 million in a single payment by the end of the month to the union parties, according to the attorney representing the funds, Thomas Kennedy of Cohen, Weiss & Simon.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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