New York Supreme Court Rules in Favor of Gyrodyne in Article 78 Proceeding
Gyrodyne , LLC (GYRO)
US:NASDAQ Investor Relations:
gyrodyne.com/investor.php
Company Research
Source: GlobeNewswire
ST. JAMES, N.Y., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gyrodyne, LLC (NASDAQ: GYRO) (“Gyrodyne”) today announced that the Supreme Court of the State of New York issued a decisive ruling in favor of Gyrodyne, dismissing a petition brought by the St. James - Head of the Harbor Neighborhood Preservation Coalition, Inc. and several individuals seeking a judgment to vacate the Town of Smithtown Planning Board’s approval of Gyrodyne’s eight-lot subdivision of its Flowerfield property. On October 11, 2024, after an exhaustive review of the entire administrative record, Justice Maureen T. Liccione denied the Petition as to all remaining petitioners and dismissed the Article 78 Proceeding because the petition was defective and unsupported by the administrative record and “the record demonstrates that the Planning Board took the requisite ‘hard look’ and mitigated the potential adverse environmental impacts of subdivision approval to the maximum extent practicable.” Gyrodyne is continuing to ta
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Sec Filings
- 11/19/24 - Form 10-Q
- 11/14/24 - Form NT
- 11/13/24 - Form SC
- GYRO's page on the SEC website