NWBO settles 2020 option litigation; insurer pays $2.25M, 17% options cancelled

NORTHWEST BIOTHERAPEUTICS INC

Settlement agreement entered Dec 12, 2025 for litigation over 2020 option awards.
Insurance carriers to pay $2.25 million to the company.
17% of challenged 2020 options will be cancelled.
Plaintiff may seek up to $3.5M in attorney fees, paid separately by insurers.
Court approval hearing set for 1:30 pm ET on March 16, 2026 in Delaware.

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