The Rosen Law Firm, P.A. Announces that this is a Reminder of a Proposed Class Action Settlement on Behalf of Purchasers of GDS Holdings Limited Publicly-Traded American Depositary Shares - GDS

Core Points - The United States District Court for the Central District of California has approved a proposed class action settlement for purchasers of GDS Holdings Limited publicly-traded American Depositary Shares (ADS) [1][2] - The settlement amount is set at $3,000,000, and a hearing is scheduled for February 10, 2025, to determine the fairness and adequacy of the settlement [3][4] - The settlement class includes all individuals who purchased GDS ADS from July 13, 2020, through April 3, 2023 [2][4] Settlement Details - The proposed settlement will be evaluated for approval regarding its fairness, reasonableness, and adequacy [3] - The plan for distributing the settlement proceeds will also be assessed during the hearing [3] - Lead Counsel has applied for an award of attorneys' fees up to 30% of the settlement amount, along with reimbursement of expenses not exceeding $55,000, and a total award to plaintiffs not exceeding $6,000 [3] Participation and Exclusion - Individuals who purchased GDS ADS during the settlement class period may be affected by the settlement, including the release of claims related to their ownership [4] - To participate in the settlement, affected individuals must submit a Proof of Claim by January 13, 2025 [5] - Those wishing to be excluded from the settlement class must submit a request for exclusion by January 6, 2025 [6]