Update on OBSC1 Litigation

OBSC1 Members:
 
Pursuant to the homeowners’ request at the last open membership meeting, we are providing a brief update regarding the Gross v. OBSC1 litigation and, in particular, the ongoing settlement discussions between the Board and Mr. and Mrs. Gross. There was a conference held on June 27th with Judge Grasso and there have been subsequent communications between counsel in a continuing effort to explore an amicable resolution. However, to date, no settlement has yet been reached.
 
Nevertheless, please know that the Board remains fully committed to resolving this matter in a responsible and fair manner. And, obviously, it takes all the parties involved to bring about a settlement.

Because the settlement discussions remain ongoing, the Board is limited in what it can publicly share about them. However, upon the conclusion of the current settlement discussions, whether successful or not successful, the Board will keep the homeowners advised. Your patience and understanding is most appreciated.

-THE TRUSTEES