UFA statement on settlement

Ukrainian Fraternal Association President Ivan Oleksyn faxed a statement to The Ukrainian Weekly offices on March 15. The full text of the UFA Executive Committee's statement reads as follows.

Ukrainian Fraternal Association is pleased to have cooperated with Ukrainian American Cultural Foundation to give it one more opportunity to acquire Verkhovyna.

Although UFA is under great pressure from Pennsylvania's Insurance Department to sell Verkhovyna, and although UFA made every effort to allow UACF to buy Verkhovyna last summer and fall, and although UFA was a party to a valid contract for the sale of Verkhovyna to David Willner, and although UFA's legal position with regard to UACF's lawsuit was correct, with Mr. Willner's cooperation UFA entered into a Stipulation in the Sullivan County, New York Court to allow UACF 90 days in which to raise the funds to acquire Verkhovyna and satisfy the Stipulation's requirements with regard to David Willner.

We wish UACF well.

Copyright © The Ukrainian Weekly, March 18, 2001, No. 11, Vol. LXIX

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