Tactile Systems Enhances Governance with Settlement Agreement

Tactile Systems Technology (TCMD) just unveiled an announcement.

Tactile Systems Technology, Inc. reached a settlement in a stockholder derivative lawsuit, agreeing to implement corporate governance reforms and pay around $0.5 million in fees and expenses without admitting any wrongdoing. A Settlement Hearing is set for August 28, 2024, to potentially finalize this agreement, which follows a preliminary approval by the court. This development is an important step for the company as it moves to enhance its governance and address shareholder concerns.

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