Tactile Systems settles shareholder derivative lawsuit, agrees to governance reforms and $0.5M fee payment

TACTILE SYSTEMS TECHNOLOGY INC

Enters Stipulation of Settlement in derivative lawsuit Weaver v. Moen, dated June 6, 2024.
Agrees to adopt and maintain corporate governance reforms; no admission of liability.
Will pay approximately $0.5 million in attorneys' fees and expenses; service awards up to $7,500 each.
Settlement hearing set for August 28, 2024 before Judge Gregory B. Williams in Delaware District Court.

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