#United States #Wilmington #Chess #Keypath Education #Saxena White

Introduction

Saxena White P.A. and Equity Litigation Group LLP have officially declared a proposed settlement for shareholders of Keypath Education International, Inc., including those with CHESS Depository Interests (CDIs). This article outlines the key details of the settlement and its implications for affected shareholders.

Court Proceedings

The proposed settlement arises from a class action lawsuit currently pending in the Court of Chancery in Delaware. The plaintiffs, comprised of various investors, including Copia Investment Partners Ltd., Maso Capital Investments Limited, Blackwell Partners LLC, and Star V Partners LLC, have reached an agreement with the defendants, who include Sterling Fund Management, LLC and individual defendants M. Avi Epstein, R. Christopher Hoehn-Saric, and Steve Fireng, among others.

Summary of the Settlement Offer

The agreement entails a cash settlement amounting to $4,850,000, which aims to address the claims put forth in the lawsuit. Shareholders who are classified as “Eligible Class Members” are identified as those who held shares of Keypath at the time of the merger closure. Furthermore, this proposed resolution will include shareholders who possess CHESS Depositary Interests in Keypath Education.

Settlement Hearing

A critical hearing regarding the proposed settlement is scheduled for January 13, 2026. During this hearing, presided over by Chancellor Kathaleen St. J. McCormick, the court will evaluate whether the proposed terms should be approved as fair and reasonable. Shareholders will be permitted to participate either in-person at the Court of Chancery in Wilmington, Delaware, or virtually via Zoom, depending on the court's directives.

What to Expect

During the hearing, several important aspects will be determined:

• - The final certification of the class for the purpose of the settlement.
• - Whether the representatives of the plaintiffs adequately represent the interests of the class.
• - The overall fairness and adequacy of the proposed settlement.
• - Consideration of objections raised by members of the class regarding the settlement.

Eligible Class Members and Distribution

For those deemed