CN Energy Group (NASDAQ: CNEY) resolves legal dispute with former CEO Steven Berman, agreeing to a $25,000 settlement following his $277,000 paid leave.

Key Highlights

  • CN Energy Group (NASDAQ: CNEY) and former CEO Steven Berman reached a settlement that includes a $25,000 payment to Berman’s attorneys.
  • Berman confirmed receipt of $277,000 while on paid leave before his resignation.
  • The settlement was disclosed in a 15 KB cney_ 6k filing submitted to the SEC on June 17, 2026.

Settlement Overview

CN Energy Group announced the conclusion of its dispute with former chief executive Steven Berman. The agreement provides for a single payment of $25,000 to be made to Berman’s legal counsel, Franklin, Gringer, Cohen & Mosscrop, P.C.

Payment Confirmation

In connection with the settlement, Berman acknowledged that he had previously been paid $277,000 during a period of leave from the company. No additional compensation is contemplated under the terms of the agreement.

Resignation Effective Date

The settlement stipulates that Berman’s resignation from all positions at CN Energy Group took effect on June 3, 2026.

SEC Filing Details

Details of the settlement were filed with the U.S. Securities and Exchange Commission in a document identified as a 15 KB cney_ 6k filing on June 17, 2026. The filing serves to inform shareholders of the resolution of the dispute.

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