Court Provisionally Approves Settlement of RYVYL Derivative Litigation
Rhea-AI Summary
RYVYL (NASDAQ: RVYL) announced a court Order related to a proposed settlement of shareholder derivative lawsuits. On Nov 14, 2025, District Judge Gonzalo P. Curiel provisionally approved the derivative settlement, conditionally approved the proposed form and manner of notice, and set a date for the final settlement hearing in the action filed June 22, 2023 (Case No. 3:23-CV-01165-GPC-SBC).
The settlement also resolves related derivative litigation pending in Clark County, Nevada. The Notice of Proposed Settlement and the Stipulation and Agreement of Settlement were filed as exhibits to the company’s Form 8-K dated Nov 21, 2025 and are available on the company website under Reports & Filings.
Positive
- District Court granted provisional approval on Nov 14, 2025
- Settlement resolution extends to related Nevada derivative litigation
Negative
- Final settlement hearing date remains pending per court order
- Approval is provisional; settlement is not yet final
News Market Reaction 6 Alerts
On the day this news was published, RVYL declined 4.59%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.5% during that session. Argus tracked a trough of -12.7% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $520K from the company's valuation, bringing the market cap to $11M at that time.
Data tracked by StockTitan Argus on the day of publication.
SAN DIEGO, CA, Nov. 21, 2025 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company") today provided the following notice of an Order from District Judge Gonzalo P. Curiel in the Southern District of California related to the proposed settlement of derivative lawsuits and the stipulation and agreement of settlement, which settlement also resolves the related derivative litigation pending in the Eighth Judicial District Court in Clark County, Nevada:
On November 14, 2025, District Judge Gonzalo P. Curiel in the United States District Court for the Southern District of California issued an Order (1) Granting Provisional Approval of Derivative Settlement; (2) Conditionally Approving the Proposed Form and Manner of Notice; and (3) Setting Date for Final Settlement Hearing in connection with the shareholder derivative action “Christy Hertel, derivatively on behalf of RYVYL Inc., f/k/a GreenBox POS v. Ben Errez et. al., Case No. 3:23-CV-01165-GPC-SBC,” which was filed on June 22, 2023 against certain of the Company’s current and/or former officers and directors.
The Notice of Proposed Settlement of Derivative Lawsuits and the Stipulation and Agreement of Settlement have been filed with the U.S. Securities and Exchange Commission as exhibits to the Company’s Form 8-K dated November 21, 2025. These documents may also be found on the Company’s website at https://investors.ryvyl.com/ under Reports & Filings.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) operates a digital payment processing business enabling transactions around the globe and provides payment solutions for underserved markets. RYVYL has developed applications enabling an end-to-end suite of turnkey financial products, with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. www.ryvyl.com
RYVYL IR Contact:
Richard Land, Alliance Advisors Investor Relations
973-873-7686 ryvylinvestor@allianceadvisors.com
FAQ
What did RYVYL (RVYL) announce about the derivative settlement on Nov 21, 2025?
When did the court provisionally approve the RYVYL derivative settlement (RVYL)?
Which case is covered by the RYVYL settlement referenced by RVYL?
Has RYVYL filed settlement documents with the SEC (RVYL)?
Does the RYVYL settlement resolve related litigation in Nevada (RVYL)?
What is the next procedural step for the RYVYL derivative settlement (RVYL)?
