LifeWallet Announces a $2 Million Pharmaceutical Litigation Settlement and Ongoing Settlement Negotiations with Multiple P&C Insurers, Pharmaceutical and Medical Device Manufacturers, Whil...
MSP Recovery, Inc. - Class A (LIFW)
Company Research
Source: GlobeNewswire
MIAMI, Nov. 21, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or the “Company”) announces it reached a preliminary $2 million settlement as part of its portfolio of pharmaceutical litigation cases, while engaging in ongoing settlement negotiations with other pharmaceutical and medical device manufacturers, as well as property and casualty (“P&C”) insurers. LifeWallet also recently entered into an agreement with one of the Company’s lenders, securing a limited waiver of the Company’s obligation to pay a promissory note, which is expected to provide additional liquidity to the Company. LifeWallet CEO, John H. Ruiz, is confident in the Company’s continued progress, saying, “Our commitment to discovering waste and recovering improper healthcare payments will continue to have a positive widespread impact.” He continues, “By tackling waste through legal, operational, and technological avenues, LifeWallet is committed to recovering improperly pa
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LIFW
News
- LifeWallet Announces a $2 Million Pharmaceutical Litigation Settlement and Ongoing Settlement Negotiations with Multiple P&C Insurers, Pharmaceutical and Medical Device Manufacturers, While Advancing Efforts to Combat Systemic Medicare Waste, Which AlignsAcquire Media Monitor
- LifeWallet Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- LifeWallet Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- LifeWallet Announces Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price RequirementGlobeNewswire
- LifeWallet Announces New Comprehensive Settlements Totaling More Than $5.9 Million, Continued Progress in Recoveries on Owned Claims and Acquiring Rights to Additional Claims, and Initiatives to Eliminate Wasteful Medicare Spending by Launching Beta TestiAcquire Media Monitor
LIFW
Sec Filings
- 11/22/24 - Form 424B3
- 11/22/24 - Form 424B3
- 11/22/24 - Form 424B3
- LIFW's page on the SEC website