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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