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EX-99 - JOINT STATEMENT REGARDING A SETTLED DISPUTE - PARKWAY PROPERTIES INC | rrd328904_36802.htm |
Maryland
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74-2123597
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
In the Settlement Agreement, the Company and Collins resolved any and all disputes between them, including the settlement and dismissal, with prejudice, of the lawsuit filed by Collins in the Circuit Court of Hinds County, Mississippi and the injunction action filed by the Company against Collins in Madison County, Mississippi. A copy of the Joint Statement Regarding a Settled Dispute is attached hereto as Exhibit 99.1.
The Company estimates it will record an expense related to these matters of approximately $500,000 in the fourth quarter of 2011. This estimate includes amounts attributable to the Company's unreimbursed fees, expenses and payments in connection with all related litigation to-date and the Settlement Agreement. The Company does not anticipate it will incur any further material expenses related to these matters.
99.1 Joint Statement Regarding a Settled Dispute
Parkway Properties, Inc.
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Date: December 22, 2011
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By:
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/s/ Mandy M. Pope
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Mandy M. Pope
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Executive Vice President and Chief Accounting Officer
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Exhibit No.
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Description
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EX-99.1
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Joint Statement Regarding a Settled Dispute
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