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
Court1:22-cv-02189
Case number12/02/2021
Class period Start03/03/2022
Class period EndGrab 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