Court grants final approval of Virgin Galactic derivative settlement; $2.75M from insurers

Virgin Galactic Holdings, Inc

U.S. District Court for Eastern District of New York approved settlement on Aug 14, 2026.
Covers In re Virgin Galactic Derivative Litigation and St. Jean v. Branson et al. cases.
Insurers pay $2.75M; company retains half, other half to plaintiffs' counsel for fees.
No finding of wrongdoing against company or any directors/officers; all claims released.

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