Latch, Inc. 8-K

What Happened
The U.S. District Court for the Southern District of New York granted preliminary approval of a proposed settlement in the consolidated derivative actions captioned In re Latch Inc. Derivative Litigation (Case No. 1:23-cv-01273-JGK). Latch and the plaintiffs reached a settlement‑in‑principle in March 2026; plaintiffs filed for preliminary approval on July 1, 2026, and the court’s preliminary‑approval order was reflected in the company’s July 30, 2026 8‑K. The Stipulation and Agreement of Settlement and the Notice of Pendency and Proposed Settlement were filed as Exhibits 99.1 and 99.2.

Key Details

• Court: U.S. District Court, Southern District of New York; Case No. 1:23-cv-01273-JGK.
• Settlement-in-principle agreed: March 2026.
• Plaintiffs filed motion for preliminary approval: July 1, 2026.
• Exhibits filed with the 8‑K: 99.1 (Stipulation and Agreement of Settlement) and 99.2 (Notice of Pendency and Proposed Settlement).

Why It Matters
Preliminary court approval is a key procedural step toward resolving the shareholder derivative litigation and reduces legal uncertainty for Latch by moving the case toward final settlement approval and distribution of notice to shareholders. The 8‑K does not disclose settlement monetary terms or final approval details; a final court hearing and order will be required before the settlement is binding. Investors should note this may affect Latch’s legal exposure and related costs, but the filing itself does not quantify financial impact.