| COMPANY |
Grab Holdings Limited |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
22-cv-2189 |
| JUDGE |
The Honorable Jennifer L. Rochon |
| CLASS PERIOD |
August 2, 2021 and March 3, 2022 (expanded) |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Grab Holdings Limited (“Grab”) (NASDAQ: GRAB; GRABW) securities between August 2, 2021 and March 3, 2022, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the defendants failed to disclose to investors that: (1) Grab’s driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate driver supply”; (3) as a result, Grab’s financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, the defendants’ positive statements about Grab’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On January 13, 2025, the Court issued an Order granting Preliminary Approval of Class Action Settlement and scheduled a Settlement Hearing on May 15, 2025. This action remains ongoing.
Please be advised that the deadline to file a claim is April 24, 2025. You may find additional information regarding the terms of the settlement and claim filing process at www.GrabSecuritiesSettlement.com, or by calling the claims administrator, A.B. Data, Ltd. at 1-877-388-1754.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.