Cannae Holdings to pay $1.1M mootness fee in derivative lawsuit over management services agreement

Cannae Holdings, Inc.

Court ordered Cannae to pay $1.1M to plaintiff's counsel for mootness fee; claim over MSA termination provisions dismissed as moot in Feb 2021.
Remaining derivative claims against directors stayed until Jan 2022 pending Special Litigation Committee investigation.
Company will vigorously contest remaining claims; litigation originates from Oklahoma Firefighters Pension & Retirement System suit.

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