---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-037917"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:29:44.064335+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Court approves derivative settlement; awards $1M attorney fees

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-037917
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828024037917/0001628280-24-037917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828024037917/spru-20240815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-037917
- JSON: https://secwatch.observer/filing/0001628280-24-037917.json
- Plain text: https://secwatch.observer/filing/0001628280-24-037917.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.