Getty Realty Announces Settlement in Principle Reached by Getty Petroleum Marketing Trust of Its Lawsuit against Lukoil for $93M

Getty Realty Corp. GTY (“Getty” or the “Company”) announced today that the parties in the adversary proceeding brought in the United States Bankruptcy Court, Southern District of New York, by the Getty Petroleum Marketing Inc. Trust (the “GPMI Liquidating Trust”), as Plaintiff, against Lukoil Americas Corporation, Lukoil LUKOY North America LLC, OAO Lukoil, and certain directors and officers of Getty Petroleum Marketing Inc. (“GPMI”), as Defendants, based on claims, among others, of fraudulent conveyance and breach of the fiduciary duties (the “Lukoil Lawsuit”), have agreed upon a settlement. The terms of the settlement include a release of the Defendants from the claims alleged by the Plaintiff in its complaint and a collective payment by or on behalf of the Defendants to the See full press release