Omega Healthcare settles derivative lawsuit; governance reforms, $850k fee from insurers

OMEGA HEALTHCARE INVESTORS INC

Court preliminarily approved settlement on April 2, 2024; final hearing set for June 24, 2024.
Settlement includes corporate governance reforms related to diversity, discrimination, race, gender, or social justice.
Omega's insurers to pay $850,000 in attorneys' fees and expenses to plaintiff's counsel.
Defendants deny all wrongdoing and liability; settlement is no admission of fault.
Derivative action alleged violations of Exchange Act, breaches of fiduciary duty, and related claims.

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