Renren (RENN) Announces Court Approval of $300M+ Settlement
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New York Court Approves $300 Million Settlement Benefitting Minority Shareholders in Renren Derivative Litigation Announces Reid Collins
June 9, 2022 5:19 PM EDTSettlement of at least $300 million is among largest ever shareholder derivative recoveries Plaintiffs overcame novel issues of jurisdiction and standing in creating precedent-setting case law to hold foreign companies and actors accountable in U.S. courtsAs Lead Counsel, Reid Collins successfully prosecuted groundbreaking claims against Renren insiders
NEW YORK, June 9, 2022 /PRNewswire/ -- Today the New York State Supreme Court granted approval of a direct pay cash settlement totaling at least $300 million resolving the In re... More
