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Essex County Superior Court grants preliminary approval of $600K stockholder settlement with governance reforms
MRCYMercury Systems Inc
Mercury Systems announced that the Essex County Superior Court granted preliminary approval of a proposed settlement for two stockholder derivative actions (Jones v. Aslett and McKinnon vs. Aslett). The company agreed to pay $600,000 in attorneys' fees and expenses to plaintiffs' counsel. In exchange, Mercury will implement corporate governance reforms over the next four years, including mandatory independent director executive sessions, board continuing education, enhanced internal audit functions, a compliance committee, disclosure controls oversight, finance employee training, M&A committee charter amendments, whistleblower policy updates, and an external code review. The final settlement hearing is scheduled for November 19, 2026. Mercury Systems designs and manufactures electronic components and subsystems for defense, aerospace, and industrial applications.