Fog Cutter Capital Group Inc.

Fog Cutter Capital Group Settles Lender Dispute

Fog Cutter Capital Group Inc. has settled a $5.1 million lawsuit filed by its lender, American Industries Inc. in March, 2012. Under the terms of the settlement agreement, Fog Cutter will pay American Industries Inc. between $1.2 million and $1.8 million over as many as three years in full satisfaction of its debt.