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

Sea Ltd (SE) Class Action Lawsuit (July 2023)

Settlement

2:23cv1455 • July 21, 2023

Class Period Start

November 14, 2022

Class Period End

November 10, 2023

PSLRA Deadline

September 19, 2023

Case Allegations

10b5

Statutes of Repose

Nov 14, 2025

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

June 23, 2025

Settlement Fund

$46,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired Sea Limited’s (“Sea”) publiclytraded American Depositary Shares (“ADSs”) during the period from November 15, 2022 through August 14, 2023, both dates inclusive.

Claim Administrator

JND Legal Administration
PO Box 91130 Seattle, WA 98111
+1 877-930-5821
[email protected]

Hearing Date

July 1, 2025

Opt-out Deadline

June 10, 2025

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 11, 2025

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.

May 27, 2025

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Apr 8, 2025

Notice of Pendency

Apr 8, 2025

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 18, 2025

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 14, 2025

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Aug 7, 2024

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

Feb 20, 2024

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.

Dec 22, 2023

First Amended Complaint

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

Oct 6, 2023

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.

Jul 21, 2023

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Sea Ltd.

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