1847 Holdings Provides Update Regarding Development in Pending Civil Lawsuit
Globenewswire·2025-10-31 20:50

Core Viewpoint - 1847 Holdings LLC announced a favorable development in a pending civil lawsuit, with the court dismissing the plaintiff's first amended complaint without prejudice, allowing for a potential re-filing by the plaintiff [1][2][3]. Legal Proceedings - The court dismissed the plaintiff's first amended complaint, which alleged violations of RICO and other fraud-related claims, citing that the complaint was excessively lengthy and not in compliance with the required legal standards [2][3]. - The plaintiff is permitted to file an amended complaint, limited to 40 pages, by November 24, 2025 [2]. Company Background - 1847 Holdings LLC is a diversified acquisition holding company focused on identifying undervalued investment opportunities in middle market businesses [4]. - The company aims to acquire businesses at reasonable multiples of cash flow, improve their operations, and potentially sell or IPO them at higher valuations [4].