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

On May 15, 2025, the Honorable Judge Jennifer L. Rochon, United States District Court Judge for the Southern District of New York granted final approval of the settlement in the Grab matter. 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 Final Approval Order and other settlement documents may be found here.