---
title: "Stewards settles Swenson lawsuit over USD 1 million deposit tied to terminated property deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299746013.md"
description: "Stewards Inc. settled litigation regarding a failed $20 million property purchase in Chatham, Massachusetts, through a confidential agreement dated Sept. 17, 2026. The settlement terminates the purchase agreement for The Hawthorne. An escrow agent will pay $100,000 to John E. Swenson Co. and return $900,000 of the earnest-money deposit. Swenson must dismiss the lawsuit with prejudice within three business days of receiving funds. Neither party admitted liability, and each covers its own legal costs."
datetime: "2026-09-22T10:02:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299746013.md)
  - [en](https://longbridge.com/en/news/299746013.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299746013.md)
generator: "portal-rs"
---

# Stewards settles Swenson lawsuit over USD 1 million deposit tied to terminated property deal

-   Stewards ended litigation tied to a failed USD 20 million Massachusetts property purchase through a confidential settlement dated Sept. 17, 2026. \* Settlement terminates the purchase agreement for The Hawthorne in Chatham, Massachusetts, ending obligations to buy the property. \* 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 settlement funds. \* No liability admission; each side covers its own legal costs; no separate early termination penalty stated. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stewards Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001663577-26-000301), on September 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**