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.
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