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GRAB.US
id: 1380

Grab Holdings (GRAB) Investor Settlement

The parties have reached an agreement to settle the case, but the terms are still being finalized.
S.D. New York
Court
1:22-cv-02189
Case number
12/02/2021
Class period Start
03/03/2022
Class period End
Grab Holdings reached a settlement with $GRAB investors over claims that a driver shortage led to extra spending on incentives, cutting into profits and lowering revenue.
Case Status
Tentative Settlement
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Filing date
03/16/2022
Plaintiffs
Vincenzo Peccarino
Attorneys
Pomerantz LLP; Levi & Korsinsky, LLP; Bronstein, Gewirtz & Grossman, LLC
Defendants
Peter Oey; Anthony Tan; Tan Hooi Ling;
Judge
Jennifer L. Rochon
Class wide damages
$7,018,100,000
Trades matching type
FIFO