SAN FRANCISCO--(BUSINESS WIRE)--The Koret Foundation and Susan Koret today jointly issued the following statement announcing the resolution of all outstanding disputes and litigation between the two parties:
“The Koret Foundation, Susan Koret and Tad Taube, and the other Koret Foundation directors have resolved all disputes between them and dismissed all litigation. Mrs. Koret is retiring from the Koret Foundation board of directors effective today, and will be granted Emeritus status. Mr. Taube has announced that he will be retiring from the Koret Foundation board of directors on April 1, 2017. Mr. Taube will also be granted Emeritus status. The Koret Foundation thanks Mr. Taube and Mrs. Koret for their many years of service.
“As now reconfirmed in the Bylaws of the Koret Foundation, the Koret Foundation will continue its programs in furtherance of charitable (including addressing problems of underserved populations, community and youth development, hunger, homelessness and poverty in the San Francisco Bay Area, among others), educational, religious, scientific, and literary purposes, including charitable giving to the Jewish community.”