litigation
confidence high
sentiment neutral
materiality 0.60
CV Sciences reaches preliminary settlement of six derivative lawsuits; court grants approval
CV Sciences, Inc.
- Court granted preliminary approval on Sept 21, 2022; final hearing set for Nov 14, 2022.
- Settlement includes $275,000 in attorneys' fees to plaintiffs and corporate governance reforms.
- Defendants deny all wrongdoing; settlement is not an admission of liability.
- Six derivative actions consolidated: Depoti, Radcliffe, Tarangelo, Francis, Berry, Menna.