Hertel

In re Ryvyl Inc. Derivative Litigation

Good Law
United States District Court, Southern District of CaliforniaJanuary 13, 20263:23-cv-01165California6,905 words

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”).…

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