Virgin Galactic derivative suit settlement preliminarily approved; $2.75M from insurers

Virgin Galactic Holdings, Inc

U.S. District Court preliminarily approved settlement on May 19, 2026.
Company's insurers will pay $2.75 million; Virgin Galactic retains $1.375 million.
Final approval hearing scheduled for July 28, 2026.
Defendants deny any wrongdoing; all derivative claims expected to be dismissed.
Notice of settlement posted on Virgin Galactic investor relations website.

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