SCWorx receives final court approval to settle securities class action and derivative lawsuits

SCWorx Corp.

Class action settlement: insurers pay cash; SCWorx issues $600K in common stock to plaintiffs.
Derivative settlement: insurers pay plaintiffs' legal fees; company adopts corporate governance reforms.
Both settlements release all claims without admission of liability or wrongdoing.
Company says final approval puts legal issues from April 2020 press release behind it.
Governance enhancements include board independence, CFO role enhancement, and committee charter amendments.

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