Ryvyl (RVYL) said Friday that a federal judge has provisionally approved a proposed settlement resolving shareholder-derivative suits against certain current and former officers and directors.

The Nov. 14 order from the Southern District of California also conditionally approved notice to shareholders and set a final settlement hearing, the company said. The deal also covers related litigation in Nevada.

Shares of Ryvyl were up 2.79% in after-hours activity.