Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1215

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1215
---
 still
pending.

As previously disclosed, on
July 19, 2024, LPT Realty, LLC commenced a civil action in the Ninth Judicial Circuit in Orange County, Florida against La Rosa Holdings
Corp; Joseph La Rosa a/k/a Joe La Rosa; La Rosa Realty Lake Nona, Inc. n/k/a Nona Legacy Powered By La Rosa Realty, Inc.; & La Rosa
Realty, LLC, seeking damages, reasonable royalty of all real estate transactions conducted by all the La Rosa defendants and injunctive
relief for misappropriation of trade secrets as to all the defendants. The case was voluntarily dismissed on March 26, 2025.

As previously disclosed, on
July 22, 2024, the Company’s subsidiary, Nona Legacy Powered by La Rosa Realty, Inc. commenced a civil action in the Ninth Judicial
Circuit in Orange County, Florida against Olga Norkis Fernandez Valdez a/k/a Norkis Fernandez and LPT Realty, LLC. The plaintiff sought
monetary damages caused by Norkis Fernandez due to the breach of contract and breach of fiduciary duty by Ms. Fernandez as well as injunctive
relief against Ms. Fernandez. The plaintiff also sought damages against LPT Realty, LLC for tortious interference with a contractual relationship.
The parties have signed a Mediated Settlement Agreement dated October 18, 2024, whereby the plaintiffs agreed to have the case dismissed
with prejudice.

On October 2, 2024, FCA One
Services LLC commenced a civil action in the Ninth Judicial Circuit in Orange County, Florida against Suncoasteam Realty LLC, Greg Boland,
Silvia Beltran Martinez LLC, Silvia Beltran, and Nona Legacy Powered by La Rosa Realty, Inc., our subsidiary. The plaintiff alleged negligent
misrepresentation in a real estate transaction. The case was settled by the parties on February 4, 2024, for immaterial amount without
admission of any liability on the part of Nona Legacy Powered by La Rosa Realty, Inc. This case is now closed.

The Company believes that
the above claims are without merit, and it will vigorously defend against such claims. Moreover, these claims, in the aggregate, would
not have a material adverse effect on the Company’s financial condition, business, or results of operations, should the Company’s
defense not be successful in whole or in part. Except as stated herein, there is no other action, suit, proceeding,