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The Rosen Law Firm P.A. Announces Proposed Settlement on Behalf of Purchasers of DiDi Global Inc. American Depositary Shares
Prnewswire· 2026-02-09 14:00
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].
You might qualify for this Kaiser settlement without ever filing a complaint
Yahoo Finance· 2026-01-30 21:00
Core Points - Kaiser Permanente has agreed to pay $10.5 million to settle a class action lawsuit regarding unsolicited marketing texts sent to individuals who opted out [1][2] - The lawsuit claims violations of the Telephone Consumer Protection Act (TCPA) and the Florida Telephone Solicitation Act [2] - Eligible individuals can receive $75 for each marketing text received after opting out, with a claim filing deadline of February 12 [3] Settlement Details - The final approval hearing for the settlement was held on January 28 [3] - Kaiser Permanente has faced multiple settlements recently, including a $46 million payout for sharing patient data through its website and app [4] - Additionally, Kaiser agreed to a $556 million settlement with the Department of Justice over fraudulent billing practices related to Medicare Advantage patients [5] Financial Implications - The Department of Justice accused Kaiser of generating approximately $1 billion from 2009 to 2018 by improperly adding diagnoses to patient records [7] - Kaiser emphasizes that the settlements do not imply admission of wrongdoing, aiming to avoid prolonged litigation [7]
Capital One Gains Preliminary Approval for Revised Settlement in Class Action
PYMNTS.com· 2026-01-13 00:37
Core Viewpoint - Capital One is set to pay $425 million and implement higher interest rates for certain accounts to settle a class action lawsuit regarding misleading interest rate promises to depositors [1][3]. Settlement Details - The revised settlement includes an additional $530 million in higher interest rates for depositors with 360 Savings accounts, alongside the initial $425 million payment [3]. - The initial proposed settlement of $425 million was rejected by a federal judge, who deemed it insufficient and ordered further negotiations [5]. Legal Context - Customers accused Capital One of falsely advertising high interest rates on 360 Savings accounts while offering better rates to new customers on 360 Performance Savings accounts [3][4]. - A coalition of 18 state attorneys general opposed the earlier settlement, arguing it would not adequately compensate Capital One customers [4]. Judicial Response - The federal judge criticized the initial settlement for providing less than 10% of the damages to 360 Savings depositors, who were earning significantly lower interest compared to 360 Performance Savings customers [5]. - The judge's ruling prompted both parties to renegotiate the terms of the settlement to address the concerns raised [5]. Attorney General's Statement - New York Attorney General Letitia James expressed approval of the new settlement, stating it delivers justice and ensures customers receive the promised higher interest rates [6].