Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Hello Group Inc. (MOMO) Class Action Lawsuit (May 2019)

Closed

1:19cv4433 • May 15, 2019

Class Period Start

April 19, 2015

Class Period End

August 7, 2019

PSLRA Deadline

July 15, 2019

Case Allegations

10b5

Statutes of Repose

Apr 19, 2018

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

July 8, 2021

Settlement Fund

$5,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased the American Depositary Shares (“ADSs”) of Momo Inc. (“Momo” or the “Company”) during the period from April 20, 2015 through May 10, 2019, both dates inclusive.

Claim Administrator

Strategic Claims Services
Momo Inc. Securities Litigation c/o Strategic Claims Services P.O. Box 230 600 N. Jackson St., Ste. 205 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

July 29, 2021

Opt-out Deadline

July 8, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Sep 21, 2022

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Aug 4, 2021

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Jul 26, 2021

Scheduling Order

Mar 31, 2021

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Mar 31, 2021

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Mar 29, 2021

Scheduling Order

Jun 1, 2020

Scheduling Order

May 11, 2020

Scheduling Order

Jan 24, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Nov 20, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Hello Group Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 19, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Hello Group Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Sep 27, 2019

Scheduling Order

Sep 18, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 15, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Hello Group Inc..

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