Core Viewpoint - The United States District Court for the Southern District of New York has approved a proposed settlement of $740 million for purchasers of DiDi Global Inc. American Depositary Shares during a specified class period [1][4]. Group 1: Settlement Details - The proposed settlement amount is $740 million, which aims to resolve all claims in the ongoing securities litigation against DiDi Global Inc. [4] - Court-appointed Lead Counsel, The Rosen Law Firm, P.A., will seek attorneys' fees not exceeding 25% of the settlement amount, plus accrued interest, and will also apply for litigation expenses up to $5.25 million [4]. Group 2: Class Action Information - The class action has been certified for all persons/entities that purchased DiDi American Depositary Shares from June 30, 2021, to July 21, 2021 [2][3]. - A hearing is scheduled for June 16, 2026, to determine the fairness and adequacy of the proposed settlement and to address the dismissal of the action against defendants [5]. Group 3: Claim Process - Class members must submit a Claim Form by April 6, 2026, to be eligible for a share of the settlement fund [6][7]. - Those wishing to exclude themselves from the class must submit a request for exclusion by April 6, 2026, to avoid being bound by court judgments [8]. Group 4: Objections and Inquiries - Any objections to the proposed settlement or related motions must be filed by May 26, 2026 [9]. - Inquiries regarding the settlement should be directed to Lead Counsel or the Claims Administrator, not the court or DiDi [10].
The Rosen Law Firm P.A. Announces Proposed Settlement on Behalf of Purchasers of DiDi Global Inc. American Depositary Shares