Market Overview

Getty Realty Announces Settlement in Principle Reached by Getty Petroleum Marketing Trust of Its Lawsuit against Lukoil for $93M


Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced
today that the parties in the adversary proceeding brought in the United
States Bankruptcy Court, Southern District of New York, by the Getty
Petroleum Marketing Inc. Trust (the “GPMI Liquidating Trust”), as
Plaintiff, against Lukoil Americas Corporation, Lukoil (OTC: LUKOY) North America
LLC, OAO Lukoil, and certain directors and officers of Getty Petroleum
Marketing Inc. (“GPMI”), as Defendants, based on claims, among others,
of fraudulent conveyance and breach of the fiduciary duties (the “Lukoil
Lawsuit”), have agreed upon a settlement. The terms of the settlement
include a release of the Defendants from the claims alleged by the
Plaintiff in its complaint and a collective payment by or on behalf of
the Defendants to the

See full press release


Related Articles (GTY)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance Contracts Management Global

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at