Welcome to the In re Renren, Inc. Derivative Litigation settlement website.
This Website contains important information for shareholders of Renren, Inc. (“Renren”). If you own Renren Class A ordinary shares and/or Renren American Depositary Shares (“ADS”) your rights will be affected by these legal proceedings. If the Court approves the Settlement, you will be forever barred from contesting the fairness, reasonableness, and adequacy of the Settlement and related matters. You will also be barred from bringing derivative claims or be part of another derivative lawsuit against Released Defendant Parties. If Defendants seek a release of direct claims held by Renren Shareholders and the Court approves such a release, then any direct claims you might hold as a Renren Shareholder will also be released. Therefore, you should read the Notice carefully.
The Court held a hearing on June 9, 2022 and granted final approval of the Settlement. The Court’s order is available here. The settlement is final, and all payments have been distributed.