UPDATE: RENREN, INC. DERIVATIVE LITIGATION SETTLEMENT WEBSITE UPDATED

Rhea-AI Summary

The law firms Reid Collins & Tsai LLP, Grant & Eisenhofer P.A., and Gardy & Notis, LLP, acting as Plaintiffs' Lead Counsel in the In re Renren, Inc. Derivative Litigation, have announced updates on the Renren, Inc. (NYSE: RENN) derivative settlement website. A court hearing is scheduled for June 9, 2022, at 9:30 a.m. to consider the proposed Settlement and related matters. Interested parties are encouraged to visit the settlement website for important documents and updates.

Positive

• Upcoming court hearing may lead to clarity regarding the settlement process.
• Settlement website provides ongoing updates and important information for stakeholders.

Negative

• None.

NEW YORK, May 5, 2022 /PRNewswire/ -- The law firms Reid Collins & Tsai LLP, Grant & Eisenhofer P.A., and Gardy & Notis, LLP, as Plaintiffs' Lead Counsel in In re Renren, Inc. Derivative Litigation, Index No. 653594/2018 (N.Y. Sup. Ct., N.Y County), announce that the Renren, Inc. (NYSE: RENN) derivative settlement website has been updated to provide important new information and documents regarding the lawsuit and an upcoming Court hearing.

The Court will hold a hearing on June 9, 2022 at 9:30 a.m. to consider whether to approve the proposed Settlement and other related matters in the lawsuit. Details about the proposed Settlement, related court filings, and the new hearing date will be posted to the website at www.renrensettlement.com.

Plaintiffs' Lead Counsel suggest all interested parties check the website regularly for updates.

Contact:  

GARDY & NOTIS, LLP
Jennifer Sarnelli
126 East 56th Street
New York, NY 10022
E-mail: jsarnelli@gardylaw.com
Website: www.gardylaw.com

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View original content:https://www.prnewswire.com/news-releases/update-renren-inc-derivative-litigation-settlement-website-updated-301541211.html

SOURCE Gardy & Notis, LLP

FAQ

What is the Renren, Inc. derivative litigation about?

The derivative litigation involves legal actions taken on behalf of Renren, Inc. to address alleged wrongdoings by its management.

When is the court hearing for the Renren, Inc. case?

The court hearing is scheduled for June 9, 2022, at 9:30 a.m.

Where can I find information about the Renren settlement?

Information about the Renren settlement can be found on the updated settlement website at www.renrensettlement.com.

Who are the lead counsel in the Renren litigation?

The lead counsel are Reid Collins & Tsai LLP, Grant & Eisenhofer P.A., and Gardy & Notis, LLP.

What is the stock symbol for Renren, Inc.?

The stock symbol for Renren, Inc. is RENN.