Digital Turbine settles derivative lawsuit over CEO equity awards, pays $180K in fees

Digital Turbine, Inc.

Plaintiff alleged CEO equity awards granted May 2023 exceeded annual limits under 2020 Equity Incentive Plan.
Board amended awards on Sept 15, 2023 to void any exceeding limits, mooting plaintiff's claims.
Company paid $180,000 to settle plaintiff's claim for attorneys' fees and expenses; no admission of wrongdoing.
Delaware Court of Chancery entered dismissal order on Dec 20, 2023.

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