---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-067865"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2021-12-29T23:59:59+00:00"
generated_at: "2026-06-27T21:57:21.303690+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SCWorx settles derivative shareholder lawsuits; insurers to pay legal fees, company adopts governance reforms

## Summary
- Settlement of three derivative lawsuits filed in 2020 alleging breach of fiduciary duties related to COVID-19 test kit press release.
- Insurers for defendant directors to pay cash to plaintiffs' counsel for legal fees.
- Company to adopt corporate governance reforms within 60 days of court approval.
- All parties released from claims upon court approval; definitive settlement agreement to be negotiated.
- Cases filed in SDNY, NY State Supreme Court, and Delaware Chancery Court against directors Marc Schessel, Charles Miller, Steven Wallitt, Robert Christie.

## SEC filing metadata
- accession: 0001213900-21-067865
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2021-12-29T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390021067865/0001213900-21-067865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390021067865/ea153119-8k_scwork.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-067865
- JSON: https://secwatch.observer/filing/0001213900-21-067865.json
- Plain text: https://secwatch.observer/filing/0001213900-21-067865.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.