---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002525"
form_type: "8-K"
ticker: "PAYS"
cik: "0001496443"
company_name: "Paysign, Inc."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T15:49:11.349507+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Court approves $3.75M settlement of Paysign securities class action; claims dismissed

## Summary
- U.S. District Court for Nevada granted final approval of settlement on April 17, 2024.
- All claims against Paysign and current/former directors and officers dismissed with prejudice.
- Settlement payment of $3.75 million funded entirely from directors-and-officers insurance policy.
- Litigation was previously disclosed in Paysign's March 27, 2024 Form 10-K.

## SEC filing metadata
- accession: 0001683168-24-002525
- form_type: 8-K
- ticker: PAYS
- cik: 0001496443
- company_name: Paysign, Inc.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496443/000168316824002525/0001683168-24-002525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496443/000168316824002525/paysign_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002525
- JSON: https://secwatch.observer/filing/0001683168-24-002525.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002525.txt

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