Power REIT (NASDAQ:PW) Files An 8-K Other Events
Item 8.01 Litigation Update
As previously disclosed in its public filings with the SEC, Power
REIT and its wholly-owned subsidiary Pittsburgh West Virginia
Railroad (PWV) have been engaged in litigation with Norfolk
Southern Corporation (NSC) and NSCs sub-lessee, Wheeling Lake
Erie Railroad (WLE and, together with NSC, the Litigants)
concerning matters arising under the Railroad Lease between PWV
and NSC. The case has been pending in Federal district court in
Pittsburgh, Pennsylvania (the Court).
As previously disclosed, Power REIT and PWV have filed an Appeal
to appeal the matter to the United States Court of Appeals for
the Third Circuit. The Court of Appeals has issued a notice that
the appeal will be based on the briefs filed and that no oral
argument will be held. PWV believes that a ruling may be
forthcoming during the first quarter of 2017.
PWV has provided key court filings (including the court filing
referenced herein) in the litigation on Power REITs website
(www.pwreit.com) under a tab called PWV Litigation Update which
is under the Investor Relations tab. The provided documents and
accompanying supporting documents are not comprehensive or
complete and the full case docket is available from the Public
Access to Court Records (PACER) website. Power REIT encourages
interested parties to review all the public filings available on
PACER and to review the risks and disclosures in Power REITs
Annual Report filed on Form 10-k and other documents filed from
time to time with the Securities and Exchange Commission (SEC).
About Power REIT (NASDAQ:PW)