A District Judge in the Southern District of California, Gonzalo P. Curiel, issued a provisional approval of Ryvy Inc.’s settlement of shareholder derivative lawsuits on November 14, 2025. The order was filed with the U.S. Securities and Exchange Commission as exhibits to the company’s Form 8‑K on November 21, 2025, making the approval publicly available on that date.
The settlement resolves claims brought by shareholder Christy Hertel on behalf of Ryvy and related parties. In exchange for the court’s approval, the company agreed to implement a series of corporate‑governance reforms, including the appointment of an independent director, the establishment of a risk‑and‑disclosure committee, and a three‑year program of employee training focused on risk assessment. These measures are intended to strengthen oversight and reduce the likelihood of future litigation.
Ryvy’s financial profile remains fragile. The company’s “WEAK” rating reflects short‑term obligations that exceed liquid assets, and analysts project continued unprofitability. The stock has fallen 78 % year‑to‑date, underscoring investor concern about the firm’s liquidity and earnings prospects.
In related news, Ryvy announced a definitive agreement to merge with RTB Digital, a Web3 digital‑media SaaS provider. The merger, coupled with a capital investment from RTB Digital, helped Ryvy avoid delisting from NASDAQ. The transaction is subject to regulatory review and is expected to create synergies between the two companies’ platforms.
The provisional approval marks a significant step toward resolving a litigation that has weighed on Ryvy’s reputation and financial resources. By limiting future exposure for officers and directors and instituting governance reforms, the settlement is expected to improve corporate oversight and restore some confidence among stakeholders. However, the company’s ongoing financial challenges and the pending merger mean that the settlement is only one part of a broader turnaround strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.