Court approves derivative settlement; awards $1M attorney fees

SPRUCE POWER HOLDING CORP

Massachusetts Court approved settlement of three shareholder derivative actions on Aug 8, 2024.
Court awarded $1,000,000 in attorney fees to plaintiffs' counsel on Aug 15, 2024.
Settlement resolves Kay v. Frodl, In re Spruce Power Derivative Litig., and shareholder demand by Sham Lakhani.
No monetary payment by Spruce Power disclosed in the filing; financial impact unspecified.

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