Honest Co. derivative suit settlement preliminarily approved; $1.195M fee, governance reforms

Honest Company, Inc.

• Central District of California preliminary approved derivative settlement on May 1, 2026.
• Final approval hearing scheduled for July 13, 2026.
• Company to adopt corporate governance reforms without admitting wrongdoing.
• Company will not oppose plaintiffs' counsel fee award up to $1,195,000.
• Derivative actions alleged false statements during Honest's May-Aug 2021 IPO period.

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