{"id":996414,"date":"2026-08-18T13:00:13","date_gmt":"2026-08-18T17:00:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/"},"modified":"2026-08-18T13:00:13","modified_gmt":"2026-08-18T17:00:13","slug":"virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/","title":{"rendered":"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nCourt Grants Final Approval of Settlement of Derivative Lawsuits<\/p>\n<\/li>\n<li>\nMatter Fully Resolved, with All Related Claims Released and No Finding of Wrongdoing<\/p>\n<\/li>\n<li>\nCompany to Receive $2.75 Million in Settlement Payment, of which Company will Keep Half<\/p>\n<\/li>\n<\/ul>\n<p>ORANGE COUNTY, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVirgin Galactic Holdings, Inc. (NYSE: SPCE) (&#8220;Virgin Galactic&#8221; or the &#8220;Company&#8221;) today announced that on August 14, 2026, the U.S. District Court for the Eastern District of New York (the &#8220;District Court&#8221;) issued an order granting final approval of the settlement resolving all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.) and St. Jean v. Branson et al., Case No. 1:22-cv-7551 (E.D.N.Y.).<\/p>\n<p>\nAs part of the settlement, the Company\u2019s insurers will pay $2.75 million to Virgin Galactic, half of which the Company will retain, with the remaining half paid to plaintiffs\u2019 counsel for attorneys\u2019 fees and costs. In accordance with the District Court\u2019s order, all claims in these actions, and all other claims related to or based upon the allegations in these actions, have been fully released.<\/p>\n<p>\nIn connection with the settlement, there was no finding of wrongdoing by the Company or any of its directors or officers.<\/p>\n<p><b>About Virgin Galactic<\/b><\/p>\n<p>\nVirgin Galactic is an aerospace and space travel company that enables safe, repeatable commercial human spaceflight and high-altitude scientific discovery. With its advanced air-launch vehicles and industry-leading cost structure, the company is preparing to take humans to space at an unprecedented rate, creating transformative personal experiences and supporting advanced suborbital study and strategic government initiatives. Discover how Virgin Galactic is driving innovation and scaling its business at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.virgingalactic.com%2F&amp;esheet=54590973&amp;newsitemid=20260818938468&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.virgingalactic.com%2F&amp;index=1&amp;md5=8375107dc6310cc26a1bcad408465885\">https:\/\/www.virgingalactic.com\/<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260818938468r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260818938468\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260818938468\/en\/<\/a><\/span><\/p>\n<p><b>For investor inquiries:<br \/>\n<\/b><br \/>Eric Cerny &#8211; Vice President, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:vg-ir@virgingalactic.com\">vg-ir@virgingalactic.com<br \/>\n<\/a><br \/>949.774.7637<\/p>\n<p><b>For media inquiries:<br \/>\n<\/b><br \/>Aleanna Crane &#8211; Vice President, Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:news@virgingalactic.com\">news@virgingalactic.com<br \/>\n<\/a><br \/>575.800.4422<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Transport Other Manufacturing Air Transport Aerospace Manufacturing Other Travel Transportation Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing Court Grants Final Approval of Settlement of Derivative Lawsuits Matter Fully Resolved, with All Related Claims Released and No Finding of Wrongdoing Company to Receive $2.75 Million in Settlement Payment, of which Company will Keep Half ORANGE COUNTY, Calif.&#8211;(BUSINESS WIRE)&#8211; Virgin Galactic Holdings, Inc. (NYSE: SPCE) (&#8220;Virgin Galactic&#8221; or the &#8220;Company&#8221;) today announced that on August 14, 2026, the U.S. District Court for the Eastern District of New York (the &#8220;District Court&#8221;) issued an order granting final approval of the settlement resolving all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-996414","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing Court Grants Final Approval of Settlement of Derivative Lawsuits Matter Fully Resolved, with All Related Claims Released and No Finding of Wrongdoing Company to Receive $2.75 Million in Settlement Payment, of which Company will Keep Half ORANGE COUNTY, Calif.&#8211;(BUSINESS WIRE)&#8211; Virgin Galactic Holdings, Inc. (NYSE: SPCE) (&#8220;Virgin Galactic&#8221; or the &#8220;Company&#8221;) today announced that on August 14, 2026, the U.S. District Court for the Eastern District of New York (the &#8220;District Court&#8221;) issued an order granting final approval of the settlement resolving all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.) &hellip; Continue reading &quot;Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-18T17:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260818938468r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing\",\"datePublished\":\"2026-08-18T17:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/\"},\"wordCount\":375,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260818938468r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\\\/\",\"name\":\"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/virgin-galactic-receives-final-approval-by-the-court-to-settle-derivative-claims-with-no-findings-of-wrongdoing\/","og_locale":"en_US","og_type":"article","og_title":"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing - Market Newsdesk","og_description":"Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing Court Grants Final Approval of Settlement of Derivative Lawsuits Matter Fully Resolved, with All Related Claims Released and No Finding of Wrongdoing Company to Receive $2.75 Million in Settlement Payment, of which Company will Keep Half ORANGE COUNTY, Calif.&#8211;(BUSINESS WIRE)&#8211; Virgin Galactic Holdings, Inc. (NYSE: SPCE) (&#8220;Virgin Galactic&#8221; or the &#8220;Company&#8221;) today announced that on August 14, 2026, the U.S. District Court for the Eastern District of New York (the &#8220;District Court&#8221;) issued an order granting final approval of the settlement resolving all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. 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