August 17, 2026
Virgin Galactic investors received final approval of their settlement that will end derivative claims arguing the company was damaged by founder Richard Branson and others' attempts to cover up rocket ships' design flaws, and includes a nearly $2.8 million payout to the company and appointment of a chief compliance officer.
February 23, 2022
A Virgin Galactic shareholder slapped billionaire Richard Branson, Virgin's board of directors and directors of a SPAC with a derivative suit and fraud claims, alleging that the parties covered up design flaws in rocket ships to drive up the company's stock.