The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Grab Holdings Limited (“Grab”) (NASDAQ: GRAB; GRABW) securities (1) pursuant and/or traceable to the proxy/registration statement filed with the SEC on Form F-4 on August 2, 2021, and that was thereafter amended on Forms F-4/A on September 13, 2021, October 18, 2021, November 12, 2021, November 17, 2021, and November 19, 2021, and incorporated into the final prospectus on Form 424(b)(3) filed on November 19, 2021, as amended (the “Registration Statement”); (2) between August 2, 2021 and March 3, 2022, inclusive (the “Class Period”); and/or (3) by way of exchange of Altimeter Growth Corp. (“AGC”) shares.
Grab agreed to pay $80,000,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On May 15, 2025, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Grab securities (1) pursuant and/or traceable to the Registration Statement; (2) between August 2, 2021 and March 3, 2022, inclusive; and/or (3) by way of exchange of AGC shares.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $80,000,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was April 24, 2025. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.GrabSecuritiesSettlement.com, or contact the claims administrator, A.B. Data, Ltd., at 1-877-388-1754.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.