---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-062423"
form_type: "8-K"
ticker: "GEN"
cik: "0000849399"
company_name: "Gen Digital Inc."
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T10:43:44.828658+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NortonLifeLock settles shareholder derivative suit for $450K, adopts governance reforms

## Summary
- Preliminary approval granted May 4, 2022; final hearing set for July 7, 2022.
- Company to pay $450,000 in plaintiff's attorneys' fees and expenses.
- Corporate governance reforms to be adopted per Exhibit A of stipulation.
- Settlement resolves derivative claims related to GSA contract compliance and False Claims Act allegations.
- Individual defendants deny wrongdoing; settlement eliminates uncertainty and expense.

## SEC filing metadata
- accession: 0001104659-22-062423
- form_type: 8-K
- ticker: GEN
- cik: 0000849399
- company_name: Gen Digital Inc.
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/849399/000110465922062423/0001104659-22-062423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/849399/000110465922062423/tm2215791d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-062423
- JSON: https://secwatch.observer/filing/0001104659-22-062423.json
- Plain text: https://secwatch.observer/filing/0001104659-22-062423.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.