BD settles derivative suit for $9M from D&O insurance; adopts governance changes

BECTON DICKINSON & CO

D&O insurers will pay $9M to BD to settle derivative claims over Alaris pump disclosures.
BD agrees to adopt corporate governance modifications within 60 days of court approval.
Derivative actions alleged false statements on Alaris pump defects between Nov 2019 and Feb 2020.
Settlement hearing set for Aug 11, 2025 in NJ federal court; no admission of liability.
Defendants denied all wrongdoing; settlement avoids further litigation costs and risks.

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