iRhythm settles securities class action for $45M; expects insurance coverage for majority

iRhythm Holdings, Inc.

Settlement payment of $45M to resolve putative class action securities lawsuit (Glazing Employers v. iRhythm Technologies).
Majority expected to be covered by D&O insurance; no remaining policy limits after payment.
No admission of fault; settlement subject to court approval; preliminary approval motion filed.
Does not resolve previously-disclosed stockholder derivative lawsuits.
Company expects no impact on adjusted EBITDA, adjusted net income, or adjusted operating expenses.

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