SANTA FE ― Cypress Inc., a corporation associated with Jeffrey Epstein, has conceded the State Land Office’s cancellation of two livestock grazing leases.
Land Commissioner Stephanie Garcia Richard sent a cancellation letter in early September giving Cypress 30 days’ notice of her intent to cancel the leases. Cypress, through an Albuquerque law firm, filed a contest of the cancellation and a petition in First Judicial District Court to immediately block the cancelation.
The court did not grant Cypress’ request to halt the lease cancellation, but instead set a Nov. 5, 2019 hearing on the matter.
Through settlement negotiations, Cypress now has agreed to the previous lease cancellation effective Oct. 4, 2019. The corporation also dropped the contest of the cancellation that it filed in court.
“I am pleased that the State Land Office is no longer in business with Cypress Inc., and especially proud that we were able to save State resources by resolving this matter outside of the courtroom,” Commissioner Garcia Richard said. “My decision to cancel these leases stands, and my staff and I will move forward with our discussions for future uses of the 1,200 acres of state trust land located near the Zorro Ranch.”