$750,000 Settlement Successfully Secured for Former Chief Financial Officer of NextPlat Corp.

After the United States District Court for the Southern District of Florida granted partial summary judgment in his client’s favor, Jason Goldman, Co-Managing Partner of Davis Goldman, successfully negotiated a settlement for his client who previously served as the Chief Financial Officer of NextPlat Corp (Nasdaq: NXPL), requiring NextPlat to pay $750,000, inclusive of the former CFO’s attorney’s fees.

NextPlat filed a lawsuit for damages against its former CFO for allegedly bypassing the company’s wire transfer procedures. Jason brought a counterclaim against NextPlat on behalf of the former CFO. As part of the settlement, the parties agreed to dismiss their competing claims with prejudice. In late October 2024, NextPlat publicly disclosed the settlement amount in its filings with the Securities and Exchange Commission.