On July 11, 2022, the Hon. Mary Kay Vyskocil, United States District Court Judge for the Southern District of New York, granted final approval to the shareholder derivative settlement in In re Conduent Incorporated Stockholder Derivative Litigation, Lead Case No. 1:20-cv-10964, which also resolved claims in the related action In re Conduent Incorporated Shareholder Derivative Litigation, Lead Case No. 650903/2021 (N.Y. Sup. Ct., N.Y. Cnty., Ch. Div.), in which KSF served as Co-Lead Counsel. Judge Vyskocil approved the settlement comprising of robust and fulsome corporate governance reforms, including Board refreshment, formation of the Corporate Social Responsibility and Public Policy Committee, separation of the Chief Executive Officer and Chairperson positions, enhancements to the duties and responsibilities of the Audit Committee regarding financial reporting and internal controls, creation of a Board-level Risk Oversight Committee, addition of the Chief Risk Officer to the management-level Disclosure Committee, adoption of an enhanced Amended Compensation Recoupment Policy.