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An update from Premier Inc (PINC) is now available.
Premier, Inc. is poised to settle a shareholder derivative lawsuit with a $71 million payment to the company, funded by its insurance carriers. This settlement aims to resolve claims against current and former executives and directors, benefiting shareholders indirectly as the funds bolster the company’s finances, minus legal fees. A court hearing on June 25, 2024, will determine the approval of this settlement and associated attorneys’ fees. Details are available on Premier’s website, and this settlement is a significant development for stakeholders monitoring the company’s governance and financial integrity.
Learn more about PINC stock on TipRanks’ Stock Analysis page.