American Realty Investors Files 8-K

TL;DR

ARL filed an 8-K on Nov 1st, details TBD.

AI Summary

American Realty Investors, Inc. filed an 8-K on November 1, 2024, reporting an event that occurred on the same date. The filing is a standard current report, with no specific details on the nature of the event provided in the excerpt. The company is incorporated in Nevada and its principal executive offices are located in Dallas, Texas.

Why It Matters

This filing indicates a material event has occurred for American Realty Investors, Inc., requiring public disclosure. Investors should monitor for further details to understand the event's impact.

Risk Assessment

Risk Level: low — The filing is a standard 8-K without specific negative or positive disclosures, indicating a routine regulatory filing.

Key Numbers

• 001-15663 — SEC File Number (Identifies the company's filing history with the SEC.)
• 75-2847135 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• AMERICAN REALTY INVESTORS INC (company) — Registrant
• Nevada (jurisdiction) — State of Incorporation
• Dallas (location) — City of Principal Executive Offices
• November 1, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $148 million — ansaction. The litigation resulted in a $148 million judgment in 2011 against ARL, one of it
• $23.4 million — he Company to pay to Clapper the sum of $23.4 million by October 31, 2024, which has been com

Filing Documents

• arl-20241101.htm (8-K) — 22KB
• 0001102238-24-000023.txt ( ) — 145KB
• arl-20241101.xsd (EX-101.SCH) — 2KB
• arl-20241101_lab.xml (EX-101.LAB) — 22KB
• arl-20241101_pre.xml (EX-101.PRE) — 13KB
• arl-20241101_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events On October 31, 2024, American Realty Investors, Inc. ("ARL" or the "Company") and other parties executed a Settlement Agreement and General Release (the "Settlement Agreement") covering litigation that was instituted by David M. Clapper and related entities (collectively "Clapper") in the U.S. District Court for the Northern District of Texas (the "Trial Court") regarding a 1998 multifamily property transaction. The litigation resulted in a $148 million judgment in 2011 against ARL, one of its wholly-owned subsidiaries and other related entities. The case was subsequently reversed by the U. S. Court of Appeals for the Fifth Circuit (the "Appeals Court") and remanded to the Trial Court for further proceedings which resulted in a contrary decision of no liability of the ARL related entities in May 2021. The case was again appealed to the Appeals Court, which on March 8, 2024, reversed and remanded the case back to the Trial Court for a new trial. The Settlement Agreement required the Company to pay to Clapper the sum of $23.4 million by October 31, 2024, which has been completed. Under the Settlement Agreement, all parties released each other and will file a Motion to Dismiss with Prejudice in the Trial Court on or prior to November 10, 2024.

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICAN R EALTY I NVESTORS , I NC . Dated: November 1, 2024 By: /s/ ERIK L. JOHNSON Erik L. Johnson President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR