ARV settles litigation with Emeritus, Lazard.ARV ARV abbr. Bible American Revised Version ARV n abbr (= American Revised Version) → traducción americana de la Biblia ARV n abbr (= Assisted Living's lawyers have been busy. The Cost Mesa, California-based company announced the resolution of all claims and dismissal of an action brought against it by Emeritus Assisted Living Emeritus Corporation (AMEX: ESC) is a retirement home company based in Seattle, Washington. The company runs assisted living homes for people who may need some help with daily activities but don't need skilled nursing care (offered at a few of its properties). . Emeritus had claimed that the combination of Lazard Freres Real Estate Investors' stock purchases plus stock owned by certain sympathetic board members should have triggered the issuance of additional shares at a discounted price. ARV also entered into a settlement agreement with Prometheus Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , an affiliate of Lazard. Under the terms of the settlement, ARV will withdraw its appeal of a May decision in a lawsuit between ARV and Prometheus over Lazard's acquisition of Atria Atria The heart has four chambers. The right and left atria are at the top of the heart and receive returning blood from the veins. The right and left ventricles are at the bottom of the heart and act as the body's main pumps. , and Prometheus will dismiss the lawsuit it filed against ARV and two of its former directors regarding the validity of ARV'S annual meeting of stockholders. |
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