Core Viewpoint - The Supreme Court of the State of New York has approved a proposed class action settlement for purchasers of Hywin Holdings Ltd. American Depositary Shares, amounting to $1,000,000 in cash, which aims to resolve all claims in the action [3][4]. Group 1: Settlement Details - The proposed settlement is for $1,000,000 in cash on behalf of the Settlement Class, which includes all individuals and entities that purchased Hywin's American Depositary Shares between March 25, 2021, and March 19, 2024 [3][4]. - A Fairness Hearing is scheduled for August 5, 2025, to determine the approval of the proposed settlement and other related matters [4][5]. Group 2: Class Member Information - Settlement Class Members must submit a Proof of Claim by July 31, 2025, to be eligible for compensation from the settlement [7]. - Members wishing to exclude themselves from the Settlement Class must submit a request for exclusion postmarked by July 15, 2025 [8]. Group 3: Objections and Inquiries - Any objections to the proposed settlement or related applications must be filed by July 15, 2025 [9]. - Inquiries regarding the settlement should be directed to Plaintiff's Counsel or the Claims Administrator, not the Court [10].
The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Hywin Holdings Ltd.