Geron settles derivative suits; implements governance reforms, fee up to $1.35M

GERON CORP

Parties filed a Stipulation of Settlement on Dec 21, 2022 to resolve consolidated derivative actions in Delaware and federal courts.
Geron will adopt corporate governance reforms (Exhibit A) and not oppose plaintiff counsel fees capped at $1.35 million, subject to court approval.
San Mateo Superior Court derivative action dismissed without prejudice on Dec 13, 2022.
Defendants deny all wrongdoing; settlement eliminates uncertainty and burden of further litigation.
Final approval from Delaware Court of Chancery is required; no admission of liability.

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