Saturday, October 09, 2021 3:41:09 AM
1. The ADS, both according to the settlement text and this SEC filing, currently represent 45 shares of ordinary Renren shares, not 15.
http://edgar.secdatabase.com/1952/110465919071845/filing-main.htm
The amount to be paid into the settlement fund is around 38.7 USD per ADS and around 0.86 USD per ordinary A share.
The ADS and ordinary shares held by defendants do not count and they are not entitled to any part of the payout.
2. The settlement contains provisions for a situation when Duff&Phelps will not pay, in which case the minimum 300 MUSD amount will be reduced to 288.5 MUSD.
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