SCWorx settles class action with $600K stock issuance, derivative suit with governance reforms

SCWorx Corp.

Class action settlement: Company issues $600,000 worth of common stock; insurers make cash payment to plaintiffs.
Derivative action settlement: Insurers pay plaintiffs' legal fees; Company adopts corporate governance reforms within 60 days of court approval.
Both settlements are subject to court approval; no admission of wrongdoing by defendants.
Company expects to satisfy $750,000 D&O insurance retention liability upon stock issuance.

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