Stewards settles Swenson lawsuit over USD 1 million deposit tied to terminated property deal
SWRD•Earnest-money deposit split and lawsuit to be dismissed
Escrow will pay USD 100,000 to John E. Swenson Co. while returning USD 900,000 of the earnest-money deposit.
Swenson must file a stipulation to dismiss the lawsuit with prejudice within three business days of receiving the settlement funds. No liability admission was made, each side covers its own legal costs, and no separate early termination penalty was stated.
Settlement ends dispute over failed Massachusetts property purchase
Stewards ended litigation tied to a failed USD 20 million Massachusetts property purchase through a confidential settlement dated Sept. 17, 2026.
The settlement terminates the purchase agreement for The Hawthorne in Chatham, Massachusetts, ending obligations to buy the property.
