Newell settles derivative lawsuits with governance reforms; court preliminarily approves

NEWELL BRANDS INC.

Court preliminarily approved settlement on June 27, 2023; final hearing set for Aug 25, 2023.
Settlement includes corporate governance measures and $1.7 million in attorneys' fees and expenses.
Derivative actions dismissed with prejudice; no admission of wrongdoing by defendants.
Settlement resolves claims related to Jarden integration, discounting practices, sales growth, and insider trading.
Special Litigation Committee determined settlement serves best interests of Newell and stockholders.

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