litigation
confidence high
sentiment neutral
materiality 0.30
EZCORP derivative lawsuit over equity awards dismissed; company pays $250,000 in fees
EZCORP INC
- Lawsuit challenged equity awards made after May 2020 as ultra vires; company ratified awards and amended plan.
- Court entered stipulation dismissing action with prejudice on April 5, 2022.
- Company agreed to pay $250,000 in fees and expenses to plaintiff's counsel.
- Company and board deny all allegations; settlement resolves claim without admission.