NY Judge Signs Off On $300M Deal In Renren Derivative Suit

By Stewart Bishop (June 10, 2022, 9:44 PM EDT) -- A New York state judge Thursday approved a $300 million settlement of derivative litigation against principals of Renren Inc. and others, in a suit alleging that minority stockholders were cheated in a sham go-private deal in which hundreds of millions of dollars in Renren investments were siphoned off to an entity controlled by insiders....

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