Innovative Food Holdings settles $50M wrongful death lawsuit; within insurance coverage

INNOVATIVE FOOD HOLDINGS INC

Settlement reached on Jan 5, 2024 for PA Action filed in 2019 alleging wrongful death and negligence.
Original demand was $50M; parties agreed on material terms at mediation.
Anticipate final paperwork and dismissal in Q2 2024.
All liabilities resolved within insurance coverage; no out-of-pocket cost indicated.

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