Exicure, Inc. has announced a preliminary settlement regarding stockholder derivative claims, which were brought on behalf of the company against certain former directors and officers. The United States District Court for the Northern District of Illinois has preliminarily approved the settlement, which aims to resolve claims related to alleged breaches of fiduciary duties and other misconduct by the company's leadership. The settlement is designed to fully resolve the derivative matters, including actions pending in both Illinois and Delaware courts. As part of the agreement, Exicure will implement corporate governance reforms intended to enhance oversight and accountability within the company. The settlement includes a provision for the payment of $675,000 in attorneys' fees to the plaintiffs' counsel, subject to court approval. A hearing is scheduled for June 2, 2026, where the court will consider the fairness and adequacy of the settlement and any objections from current stockholders. If approved, the settlement will bar current stockholders from contesting the approval and pursuing released claims. This development is seen as a positive step for Exicure, potentially stabilizing its governance structure and addressing past issues that may have affected its reputation and financial performance.

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