RYVYL Shareholders’ Corporate Reform Deal Gets Final Court Nod

RYVYL Inc. stockholders’ corporate governance reform settlement with certain executives and board members earned a federal judge’s final approval to end allegations they lacked internal controls to prevent the blockchain payments company from overstating key financial metrics.

“The reforms’ benefits are bolstered by the fact that RYVYL will implement and maintain the reforms for three years,” Judge Gonzalo P. Curiel said Tuesday. Reforms include establishing a Risk & Disclosure Committee, adding an additional independent director to the board, and bolstering its related-party transactions policy. The US District Court for the Southern District of California judge’s final approval of the ...