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SkinHealth Systems Inc. entered into a settlement agreement to resolve a securities class action lawsuit, Alghazwi v.…
SKINSkinHealth Systems Inc.
SkinHealth Systems Inc. entered into a settlement agreement to resolve a securities class action lawsuit, Alghazwi v. The Beauty Health Company, et al., in the Central District of California. The total cash settlement of $18,000,000 will be funded by $3,000,000 from the company's own funds and $15,000,000 from insurance proceeds. The settlement is subject to court approval and involves the resolution of claims against the company and individual defendants Andrew Stanleick and Liyuan Woo. SkinHealth Systems Inc. operates in the consumer beauty and skin health industry.