Update In re Grab Holdings Limited Securities Litigation, Case No. 1:22-cv-02189-JLR

A settlement has been reached and was preliminarily approved on January 13, 2025. The settlement provides for the payment of $80 million to eligible class members. Co-lead plaintiff SLG Cloudbank Holdings, LLC alleged violations of §§ 11 and 15 of the Securities Act of 1933 and §§ 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934 based on the defendants’ alleged false and misleading statements concerning Grab’s driver supply and incentive spending during its public debut. 

 The proof of claim deadline is April 24, 2025, and the hearing on the Motion for Final Approval is scheduled for May 15, 2025.