REG - FORGENT PLC - Litigation Settlement Resolution

ForgentAnnouncement

15/05/2026 07:00

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RNS Number : 4223E  FORGENT PLC  15 May 2026

15 May 2026
Forgent plc
 ("Forgent" or the "Company")

Litigation Settlement Resolution

 

Forgent plc (AIM: FORG), the technology-led energy transition company, is
pleased to announce that it has entered into a full and final settlement in
relation to the litigation,  most recently announced on 12 March 2026 thereby
successfully resolving a legacy legal dispute.

As previously announced, the Company was a joint defendant along with five
others, including David Palumbo, a director of the Company,  in a legacy
claim brought by SCV North Fork LLC, the original tax-credit investor at the
North Fork project.

Following mediation in San Francisco last month, the parties have now amicably
settled their dispute to their mutual satisfaction without any admission of
wrongdoing by any party.  The case is SCV North Fork, LLC v. Stangl, et al.,
No. MCV087914 in the Superior Court for the County of Madera, State of
California, United States of America.

James Parsons, CEO of Forgent plc commented:

"We are pleased to have reached a full and final resolution of this historical
matter following mediation. The settlement draws a line under a longstanding
issue and enables the Company to focus fully on executing its strategy."

For further information on Forgent plc, visit the Company's website
www.forgentplc.com (http://www.forgentplc.com) or contact:

 

ENQUIRIES 

 

 FORGENT plc                                     investors@forgentplc.com

 James Parsons
 Strand Hanson - Nomad & Financial Adviser       +44 20 7409 3494 

 James Harris / Richard Johnson 
 Global Investment Strategy UK Ltd - Broker      +44 20 7048 9045 

 Christopher Kipling

 Samantha Esqulant 

 

This announcement contains inside information as defined in Article 7 of the
EU Market Abuse Regulation No 596/2014, as it forms part of United
Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended, and has been announced in accordance with the Company's
obligations under Article 17 of that Regulation.

 

 

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