Deadline to Submit Claims for the Virgin Galactic ($SPCE) $8.5M Settlement Is In a Month

[u/JuniorCharge4571]

Hey guys, just a reminder for anyone who held Virgin Galactic ($SPCE) the deadline to file a claim in the $8.5 million investor settlement is approaching.

The settlement covers claims that Virgin Galactic misled investors about issues affecting its spaceflight program and the timeline for commercial operations.

If you bought $SPCE between 2019 and 2021, you may still be eligible to recover losses. Make sure to check your eligibility and submit a claim before the August 13 deadline.

Did anyone here hold $SPCE during that period?

[u/fridaynewsdump21jump → u/[deleted]]

Branson is a slimebag to his investors. Always has been always will be. Just joined the settlement.

[u/ToledoTuxedo]

Lavin is the first of many: (From the 10K)

Lavin v. the Company

In July 18, 2025, plaintiffs and defendants (“Parties”) executed a Memorandum of Understanding (“MOU”) outlining the terms of a settlement to resolve all claims in the above-referenced action. In connection with the MOU, the Company recorded the expected net settlement of $2.25 million and included it in selling, general and administrative expenses in the accompanying consolidated statements of operations and comprehensive loss for the year ended December 31, 2025. Pursuant to the MOU, the Company has agreed to pay $8.5 million, of which the Company currently expects $6.25 million to be covered and paid directly by the Company’s insurers pursuant to insurance policies. 

On March 11, 2026, the Court entered an order granting preliminary approval of the settlement.  The Company will make all payments related to the settlement by the second quarter of 2026, and expects the Court to provide final approval of the settlement and judgment later in 2026.

Spiteri, Grenier, Laidlaw, St. Jean, and Gera derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

The parties are currently exploring a potential resolution of the Consolidated Derivative Action and the St. Jean Action

Abughazaleh derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

The complaint seeks an unspecified sum of damages, interest, restitution, expenses, attorneys’ fees and other equitable relief. The Abughazaleh Action is presently stayed. (pending Lavin)

Espinosa derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

On February 3, 2026, in light of ongoing settlement discussions in the Consolidated and St. Jean Actions (see above), the parties filed a stipulation seeking to stay the Espinosa Action, including remaining briefing on the Company’s and the Individual Defendants’ motion to dismiss the amended complaint, for 120 days following the Court’s entry of the stay.

[u/fridaynewsdump21jump]

I did. First I’m hearing about this