---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-008164"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2022-02-17T23:59:59+00:00"
generated_at: "2026-06-27T07:05:14.584632+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-008164
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2022-02-17T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390022008164/0001213900-22-008164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390022008164/ea155829-8k_scworxcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-008164
- JSON: https://secwatch.observer/filing/0001213900-22-008164.json
- Plain text: https://secwatch.observer/filing/0001213900-22-008164.txt

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