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On August 18, 2026, Virgin Galactic Holdings, Inc. announced that the U.S. District Court for the Eastern District of…
SPCEVirgin Galactic Holdings, Inc
On August 18, 2026, Virgin Galactic Holdings, Inc. announced that the U.S. District Court for the Eastern District of New York granted final approval on August 14, 2026, settling consolidated derivative lawsuits In re Virgin Galactic Holdings, Inc. Derivative Litigation and St. Jean v. Branson et al. The settlement involves insurers paying $2.75 million to the company; Virgin Galactic retains half ($1.375 million), while the remainder covers plaintiffs' counsel fees and costs. All related claims are released with no finding of wrongdoing against directors or officers. This aerospace and space travel company enables safe, repeatable commercial human spaceflight and high-altitude scientific discovery.