LONDON - Forgent plc (AIM:FORG) today announced it has reached a settlement in litigation involving the North Fork project, resolving a legal dispute previously disclosed on March 12, 2026.
The technology-focused energy transition company was a joint defendant with five others, including company director David Palumbo, in a claim brought by SCV North Fork LLC, the original tax-credit investor at the North Fork project. The case was filed in the Superior Court for the County of Madera, California.
The parties reached an amicable settlement last month following mediation in San Francisco. The settlement includes no admission of wrongdoing by any party.
"We are pleased to have reached a full and final resolution of this historical matter following mediation," said James Parsons, CEO of Forgent. "The settlement draws a line under a longstanding issue and enables the Company to focus fully on executing its strategy."
The company did not disclose financial terms of the settlement.
