Virgin Galactic Announces Notice of Settlement of Derivative Actions
The deal would pay $2.75 million from insurers to Virgin Galactic, with the company keeping half after court approval.
6 Articles
6 Articles
Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test
Virgin Galactic shares rose 19.53% Thursday to $4.53, their highest close in weeks, with trading volume nearly four times the 50-day average. The company resumed VSS Unity glide flights in New Mexico and plans further tests ahead of commercial launches. A judge approved a $2.75 million shareholder suit settlement, with insurers paying. Virgin Galactic posted a Q1 net loss of $64.7 million on $227,000 revenue. The post Virgin Galactic Stock Bounc…
Virgin Galactic Soars on Preliminary Court Deal - Orange County Business Journal
Shares of Virgin Galactic Holdings rose more than 8% in after-hours trading after the Tustin-based space tourism company revealed that a court has granted preliminary approval of its proposed settlement with plaintiffs. The U.S. District Court for the Eastern District of New York issued an order granting preliminary approval of a settlement resolving all claims pending in two cases. The proposed settlement will result in a $2.75 million payment …
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