Virgin Galactic Announces Notice of Settlement of Derivative Actions
Virgin Galactic announced preliminary court approval of a settlement for pending shareholder derivative actions. The settlement includes a $2.75 million payment from the company’s insurers, half of which the company will retain, along with corporate governance reforms.
Key figures
- Attorney fees
- 1375000
- Company retained amount
- 1375000
- Settlement insurance payment
- 2750000
AI analysis
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