DarioHealth settles stockholder class action over director removal bylaw; pays $75K in fees

DarioHealth Corp.

Settled Chavakula v. DarioHealth Corp. challenging a bylaw allowing board to remove directors with/without cause.
Company agreed not to use the Removal Provision to remove a director.
DarioHealth pays $75,000 in attorneys' fees/expenses plus $500 service award to plaintiff.
Court closed case on Jan 9, 2023 after company issued this notice.

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