Blum Holdings, Inc. provided an update on April 14, 2025, regarding its global settlement with People’s California, LLC. The parties have now executed definitive documentation memorializing the terms of the settlement previously announced on February 24, 2025.
This comprehensive resolution, if approved and made effective, is expected to resolve all outstanding litigation, adversary proceedings, and contested matters between the involved parties. The company believes this represents a significant milestone in its restructuring efforts.
A "Motion to Approve Compromise of Controversy" has been filed with the United States Bankruptcy Court for the Central District of California. The settlement will not become effective until the Bankruptcy Court enters a final, non-appealable order approving its terms.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.