Impinj, Inc., a globally renowned provider and pioneer of RAIN RFID solutions has announced that on February 26, 2021, the United States District Court for the District of Delaware (the ‘Court’) issued an order (the ‘Preliminary Order’), providing for preliminary approval of the proposed settlement of the claims, asserted nominally on behalf of the company, against the individual defendants, named in the previously disclosed stockholder derivative action, entitled ‘In re Impinj, Inc.
Derivative Litigation’ (C.A. No. 18-cv-01686-RGA), pending before the Court, in accordance with the Stipulation of Settlement, dated July 10, 2020 (the ‘Stipulation of Settlement’).
