American Depositary Shares of VEON Ltd.
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The Rosen Law Firm, P.A. Reminds Investors of the Proposed Class Action Settlement on Behalf of Purchasers of American Depositary Shares of VEON Ltd.
Globenewswire· 2026-02-19 18:00
Core Viewpoint - The United States District Court for the Southern District of New York has approved a proposed class action settlement for purchasers of American Depositary Shares of VEON Ltd., amounting to $19,970,000 in cash, which aims to resolve all claims in the action [4]. Group 1: Settlement Details - The proposed settlement is for $19,970,000 in cash, which will resolve all claims in the class action lawsuit against VEON Ltd. [4] - A hearing is scheduled for May 19, 2026, to determine the fairness and adequacy of the proposed settlement and to certify the class action [5]. - Members of the Settlement Class must submit a Claim Form by April 28, 2026, to be eligible for payment from the settlement [7]. Group 2: Class Action Information - The Settlement Class includes all persons and entities who purchased VEON Ltd. American Depositary Shares between June 30, 2011, and November 3, 2015, and held those shares at least until March 12, 2014 [2]. - Members of the Settlement Class have the option to exclude themselves from the settlement by submitting a request for exclusion by April 28, 2026 [8]. - Any objections to the proposed settlement must be filed with the Court by April 28, 2026 [9].