Hersha Hospitality Management (HHM) and The Procaccianti Group (TPG) are pleased to announce that the parties have resolved the lawsuit pending in the United States District Court for the Eastern District of Pennsylvania, Hersha Hospitality Management v. The Procaccianti Group, et al.
HHM had sued TPG and four of its former employees (two of whom had previously worked for TPG) accusing them of wrongdoing in connection with the departure of the employees from HHM to TPG.
However, after open discussions with TPG and the former employees, HHM is satisfied that TPG has neither received (from the individuals) nor used any information proprietary to HHM.
HHM is also satisfied that TPG was not involved in procuring any confidential information from HHM, that the individuals did not give such information to TPG, and that TPG was not involved in any wrongdoing as alleged in the suit.
Accordingly, HHM has voluntarily dismissed the claims against TPG.