Lavu seeks to recover almost $240K from May Day Movers LLC, a Mississippi business accused of buying luxury cars bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Lavu’s former Downtown Albuquerque office. (Dean Hanson/Journal)
ALBUQUERQUE, N.M. The dispute between Lavu Inc. and the owner of its former Downtown Albuquerque office is over.
On July 1, Lavu announced a settlement agreement with Heritage Real Estate Company, the property manager for Albuquerque Plaza Office Investment, LLC, following a lawsuit filed against the point-of-sale software company for nonpayment of rent.
According to Lavu, the settlement “provides for the full resolution of the dispute and a release of all claims between the parties arising out of, or related to, Lavu’s office space lease at Albuquerque Plaza.”
“We appreciate the efforts of Heritage’s Chief Executive Officer Jim Long and President Suzanne Lubar to resolve this matter and to assist Lavu as we successfully navigate the challenges to the restaurant industry brought about by the COVID-19 pandemic,” Lavu CEO Saleem S. Khatri wrote in a statement announcing the settlement.
Lavu announces settlement with Albuquerque Plaza Office Investment LLC bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.