Virgin Galactic Settles Shareholder Lawsuits

By Ahmed Jamerson • Friday, May 29 10:54 • Permanent Link

Virgin Galactic said a federal court granted preliminary approval on May 19, 2026, for a proposed settlement of shareholder derivative actions filed in 2022.

Under the settlement, the company’s insurers would pay $2.75 million to Virgin Galactic. The company said it will retain half of that amount, or $1.375 million.

The settlement would resolve claims in two cases: In re Virgin Galactic Holdings, Inc. Derivative Litigation and St. Jean v. Branson et al. If the court gives final approval, those claims and any related pending actions are expected to be dismissed or declared moot.

Virgin Galactic said its current and former officers and directors, who were named as defendants, deny the allegations. Today the company's shares have moved -0.44% to a price of $4.51. For the full picture, make sure to review Virgin Galactic's 8-K report.

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