Hertel
In re Ryvyl Inc. Derivative Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 12 IN RE RYVYL INC. DERIVATIVE Case No.: 3:23-cv-1165-GPC-SBC
LITIGATION,
ORDER:
15 THIS DOCUMENT RELATES TO: ALL GRANTING MOTION FOR FINAL
APPROVAL OF SETTLEMENT AND
ACTIONS AWARD OF ATTORNEYS’ FEES,
EXPENSES, AND SERVICE
AWARDS
19 [ECF Nos. 26, 28] 20 Before the Court is the Parties’ joint motion for final approval of the parties’ derivative settlement agreement, ECF No. 26, and Plaintiffs’ unopposed motion for an order approving an award of attorneys’ fees and expenses, ECF No. 28. On January 9, 2026, the Court held a final settlement hearing on this matter. ECF No. 30. For the reasons detailed below, the Court GRANTS both motions. BACKGROUND I. Factual Allegations This is a shareholder derivative action on behalf of nominal defendant RYVYL, Inc. (“RYVYL” or “the Company”) against current and former RYVYL directors and officers (the “Individual Defendants,” 1 and together with RYVYL, the “Defendants”).…