---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-037509"
form_type: "8-K"
ticker: "WORX"
cik: "0001674227"
company_name: "SCWorx Corp."
filed_at: "2022-07-06T23:59:59+00:00"
generated_at: "2026-06-24T20:58:27.028841+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-037509
- form_type: 8-K
- ticker: WORX
- cik: 0001674227
- company_name: SCWorx Corp.
- filed_at: 2022-07-06T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674227/000121390022037509/0001213900-22-037509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674227/000121390022037509/ea162503-8k_scworxcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-037509
- JSON: https://secwatch.observer/filing/0001213900-22-037509.json
- Plain text: https://secwatch.observer/filing/0001213900-22-037509.txt

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