PORT WASHINGTON, N.Y., Sept. 17, 2018 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today the dismissal of the sexual harassment lawsuit filed by a former employee against the Company's CEO, Bruce Schanzer, in New York State Supreme Court in Kings County. The employee, Nancy Mozzachio, was terminated by the Company for cause in 2016. The court concluded that all of Ms. Mozzachio's claims should be resolved through her pre-existing arbitration case with the Company, commenced pursuant to her employment agreement. This dismissal concludes Mozzachio's personal lawsuit against Mr. Schanzer.

About Cedar Realty Trust
 Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston. The Company's portfolio (excluding properties treated as 'held for sale') comprises 59 properties, with approximately 8.7 million square feet of gross leasable area. For additional financial and descriptive information on the Company, its operations and its portfolio, please refer to the Company's website at www.cedarrealtytrust.com.

PRESS CONTACT:
 Julie Chase
202-997-8677
jchase@jchasepr.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/sexual-harassment-lawsuit-against-cedar-realty-ceo-bruce-schanzer-dismissed-300713605.html

SOURCE Cedar Realty Trust, Inc.

Attachments

  • Original document
  • Permalink

Disclaimer

Cedar Realty Trust Inc. published this content on 17 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 September 2018 20:42:02 UTC