Invitation Homes Reaches Agreement To Settle California Qui Tam Dispute; Company To Pay Total Amount Of $19.99M To Completely Resolve The Dispute
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes has agreed to settle a California qui tam dispute by paying $19.99 million. The dispute involved allegations that the company's contractors failed to pull building permits for certain home improvements. The settlement will fully resolve the dispute without any admission of liability.
July 22, 2024 | 8:32 pm
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Invitation Homes has agreed to pay $19.99 million to settle a California qui tam dispute involving allegations that its contractors failed to pull building permits for certain home improvements. The settlement will fully resolve the dispute without any admission of liability.
The settlement resolves a legal dispute without any admission of liability, which is neutral for the stock price. The financial impact of $19.99 million is significant but not critical for a company of Invitation Homes' size.
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IMPORTANCE 70
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