American Spectrum Realty, Inc. (NYSEMKT:AQQ), a real estate investment, management and leasing company today, announced the settlement of a vendor dispute and the rescind of a receiver appointed in the District Court of Harris County, Texas, 164th Judicial District. The receiver was appointed on February 14, 2014 at the request of Nextera Retail of Texas, LP in connection with a judgment in favor of Nextera Retail in the amount of $2,800,000.00. On February 20, 2014, American Spectrum satisfied in full all obligations to Nextera, with a payment of $1,500,000.00, and the District Court rescinded the order appointing the receiver. Day-to-day operations of American Spectrum were not impacted by the court action. Neither the appointment of the receiver nor the satisfaction of the obligation to Nextera will have a material adverse effect on the condition, financial or otherwise, of American Spectrum. American Spectrum Realty, Inc. (NYSEMKT:AQQ) stock opened at $1.50 in last session, and closed at $1.55, while the day range of American Spectrum Realty, Inc. (NYSEMKT:AQQ) stock is $1.41 – $1.79. The stock showed a positive weekly performance of -12.43%.
Crawford & Company (NYSE:CRDB), the world’s largest independent provider of claims management solutions, has named Will Lozada as managing director for Crawford Forensic Accounting Services (CFAS) for the United States. Crawford & Company (NYSE:CRD.B) stock opened at $10.51 in last session, and closed at $10.01 by losing -4.94%. The 52 week range of $5.62 – $11.30. Company’s market capitalization is $547.78 million.
Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA), parent company of Royal Bank America, announced that it had entered into binding commitments with Emerald Advisers, Inc., a group of institutional investors, certain directors and officers of Royal, and other private investors to issue and sell a total of 11,656,666 shares of Royal’s Class A common stock in a private placement. Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) stock decreased -7.33% and finished the last session at $2.78. The EPS of the stock remained -0.78. Company’s market capitalization is $36.94 million.
InnSuites Hospitality Trust (NYSEMKT:IHT) is a real estate investment trust (REIT). The Trust, with its affiliates RRF Limited Partnership, a Delaware limited partnership (the Partnership), and InnSuites Hotels, Inc., a Nevada corporation (InnSuites Hotels), owns and operates five hotels, provides management services for eight hotels, and provides trademark license services for nine hotels. InnSuites Hospitality Trust (NYSEMKT:IHT) stock opened the session at $1.97, and closed the session at $1.80. The 52 week range of the InnSuites Hospitality Trust (NYSEMKT:IHT) stock remained $1.25 – $2.59 and the day range was $1.75 – $2.00.