Hovnanian Enterprises Inc

Hovnanian Enterprise, Inc. says that parties in a case involving GMAC Model Home Finance, LLC, on Sept. 4, 2008, entered into a settlement and release agreement resolving all disputes under a purchasing agreement.

On April 4, 2008, K. Hovnanian Enterprises, Inc.,…

Arbitration proceedings involving Hovnanian Enterprises, Inc.’s subsidiary, K. Hovnanian Enterprises, Inc., and GMAC Model Home Finance, LLC were settled on Sept. 4, 2008.

On April 4, 2008, K. Hovnanian Enterprises initiated arbitration proceedings against GMAC to resolve a dispute arising under…