Merit Medical settles stockholder derivative suit for $1M fee award and governance reforms

MERIT MEDICAL SYSTEMS INC

Derivative action alleged false statements about integration of Cianna Medical and ClariVein acquisitions.
Settlement includes $1M fee award for plaintiff's counsel; no admission of wrongdoing.
Company to implement corporate governance reforms as set forth in Stipulation.
Settlement hearing scheduled for Feb 16, 2023 before Judge Robert J. Shelby.
Plaintiff to receive $2,500 incentive award if approved.

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