iRhythm settles securities class action for $45M, mostly covered by insurance

Filed June 5, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  Company agreed to pay $45 million to settle class action securities lawsuit without admitting wrongdoing. Settlement includes plaintiff attorneys' fees and dismisses all claims against iRhythm and its CEO.

  Item 8.01 view on EDGAR →
• medium

  Most of the $45M will be paid by insurers, but payment exhausts remaining coverage under applicable directors and officers policies, leaving no insurance protection for future related claims.

  Item 8.01 view on EDGAR →
• medium

  Settlement costs will be excluded from non-GAAP metrics like adjusted EBITDA and adjusted operating expenses as a non-recurring item, so adjusted earnings won't reflect the charge.

  Item 8.01 view on EDGAR →