Omega Healthcare settles derivative suits over $15.2M loan; final hearing May 21

OMEGA HEALTHCARE INVESTORS INC

Settlement resolves derivative claims alleging improper $15.2M working capital loan to operator Orianna and misleading disclosures.
Company to adopt corporate governance reforms; defendants deny any wrongdoing or liability.
Omega will pay $1,950,000 in plaintiffs' attorneys' fees and expenses, subject to court approval.
Final approval hearing set for May 21, 2024 in Baltimore City Circuit Court.

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