Federal Judge OKs Settlement Forming Oversight Groups In Derivative Complaint

(November 3, 2023, 4:28 PM EDT) -- MINNEAPOLIS — A federal judge in Minnesota granted final approval of a settlement of a shareholder derivative complaint filed against a technology company by investors, the terms of which include the creation of oversight committees aiming to prevent future errors similar to the alleged misstatements about the company’s financial position after it was spun off from a parent company that were the target of the complaint....