Rosen Law Firm Proposes Settlement for DiDi Global Inc. Shareholders Affected by Securities Litigation

Proposed Settlement for DiDi Global Inc. Shareholders

In a significant development for shareholders of DiDi Global Inc., the Rosen Law Firm P.A. has announced a proposed settlement that aims to benefit purchasers of the company's American Depositary Shares (ADSs). This proposed settlement was recently approved by the United States District Court for the Southern District of New York, marking a pivotal moment for investors who participated in the company's ADS offerings during a specified class period.

Settlement Details

The announcement details a substantial proposed settlement amounting to $740 million. This settlement addresses claims stemming from a securities litigation case filed against DiDi Global, previously known by its NYSE symbol, DIDI. The litigation primarily concerns purchases made from June 30, 2021, through July 21, 2021, during which time investors alleged that certain material misrepresentations were made regarding the company’s operations and regulatory compliance, impacting the stock’s value negatively.

The court's certification of this litigation as a class action signifies that all eligible members of the class, defined as those who purchased DiDi ADSs within the specified period, will potentially benefit from this settlement if it receives final approval.

Approval Process

A key date has been set for a settlement hearing on June 16, 2026, where it will be determined whether the proposed agreement is fair, reasonable, and adequate. The hearing will take place in front of Judge Lewis A. Kaplan at the Daniel Patrick Moynihan Courthouse in New York City. At this hearing, decisions will be made regarding the dismissal of claims against the defendants, as well as whether the allocation of the settlement proceeds and the attorney’s fees requested by the Rosen Law Firm will be approved.

Lead Counsel will seek attorneys' fees not exceeding 25% of the settlement amount, in addition to a request for reimbursement of litigation expenses capped at $5.25 million. All claims and required documentation must be diligently submitted by class members to be considered in the distribution of the settlement fund.

Important Dates for Class Members

To participate in this settlement, affected shareholders must ensure their Claim Forms are submitted by April 6, 2026, via post or online. The successful submission will entitle them to a share of the settlement proceeds. Should shareholders wish to exclude themselves from the class action, they must also act before the same date to do so without being bound by the court’s decisions.

Conclusion

The Rosen Law Firm's announcement of this proposed settlement is a noteworthy advancement for those impacted by the securities litigation involving DiDi Global Inc. Stakeholders are urged to remain vigilant about upcoming deadlines, particularly for submitting claims or requests for exclusion, ensuring their rights are adequately protected as further developments unfold. All inquiries related to eligibility and participation in the settlement should be directed to the Lead Counsel or the designated Claims Administrator.

This case serves as a reminder of the complexities surrounding securities transactions and underscores the importance of legal recourse for investors seeking justice for perceived wrongdoings within the financial markets. As the situation progresses, stakeholders will turn their attention to the June hearing, where a final determination on the settlement’s approval will be made.