Nuwellis Settles Lawsuit With E.F. Hutton, Resolving Dispute
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Nuwellis, Inc. has settled a lawsuit with E.F. Hutton, agreeing to pay $204,000 without admitting liability. The lawsuit, filed in February 2026, alleged breach of an engagement letter for securities offerings. The settlement includes a mutual release of claims and dismissal of the lawsuit. Currently, Nuwellis stock (NUWE) holds a Hold rating with a price target of $1.31, but faces challenges due to weak financial fundamentals and ongoing losses. The company's market cap is $2.93M, and it operates in the medical technology sector, relying on capital markets for growth.
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