Item 8.01 - Other Events
Corporate Update
On March April 1, 2022, Power REIT ("Power REIT" or the "Trust"), through a
wholly owned subsidiary, filed a Complaint, Petition for Writ of Mandamus and
Jury Demand against the Marengo Township, Michigan. The complaint pertains to
the operations at a property that a wholly owned subsidiary of Millennium
Sustainable Ventures Corp. has leased from Power REIT. The Complaint was filed
in the United States District Court - Western District of Michigan - Southern
Division and the Case Number is: 1:22-cv-00321. The Complaint is an action for
equitable, declaratory and injunctive relief arising out of Township's false
promises, constitutional violations by the Township's deprivation of Plaintiffs'
civil rights through its refusal and failure to comply with its own ordinances
and state law as well as a common dispute resolution mechanism.
The foregoing descriptions of the litigation does not purport to be complete and
are qualified in its entirety by reference to the Complaint along with its
exhibits, a copy of which is attached hereto as Exhibit 10.1 and is incorporated
into this Current Report on Form 8-K by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibits
Ex. No. Description
10.1 Complaint and Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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