Stereotaxis agrees to pay $675K to settle shareholder lawsuit over proxy disclosures

Stereotaxis, Inc.

Putative class action filed by Richard Barre alleged fiduciary duty breaches for CEO Performance Award proxy disclosure deficiencies.
Company filed proxy supplement on May 10, 2021 to address claims without admitting liability.
Plaintiff voluntarily dismissed action on May 12, 2021; Chancery Court retained jurisdiction for fees.
Stereotaxis agreed to pay $675,000 to plaintiff's counsel for attorneys' fees and expenses in full satisfaction.
Payment resolves all claims for fees; Chancery Court not asked to review reasonableness.

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