UPDATE: RENREN, INC. DERIVATIVE LITIGATION SETTLEMENT WEBSITE UPDATED
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – RENN
The recorded move for RENN in the trading session of this news was +0.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Attorney Advertising. Past results do not guarantee future outcomes.
View original content:https://www.prnewswire.com/news-releases/update-renren-inc-derivative-litigation-settlement-website-updated-301541211.html
SOURCE Gardy & Notis, LLP
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.