SANTA FE, NM – Cypress Inc., a corporation associated with Jeffrey Epstein, has conceded the State Land Office’s cancellation of two livestock grazing leases. 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 cancellation. The court did not grant Cypress’ request to halt the lease cancellation, but instead set a November 5, 2019 hearing on the matter.
Through settlement negotiations, Cypress now has agreed to the previous lease cancellation effective October 4, 2019. The corporation also dropped the contest of the cancellation that it filed in court.