litigation
confidence high
sentiment neutral
materiality 0.40
WisdomTree settles shareholder suit over Rights Agreement with $485K fee payment
WisdomTree, Inc.
- Plaintiff challenged Rights Agreement provisions; company amended on May 4 to moot claims.
- Action dismissed with prejudice as to plaintiff on May 24; court retained jurisdiction for fee application.
- Company agreed to pay $485,000 to plaintiff's counsel for attorneys' fees and expenses.
- Court entered order closing case on June 30, subject to filing notice; did not pass judgment on fee reasonableness.