Moatable Inc ADR (MTBLY)

[Chrysanthemis]

Dear downthehatch,

thank you very much for this thorough and clear analysis of the situation at hand. From my vantage point, it seems exceedingly difficult for the plaintiffs to come up with an alternative settlement which would both satisfy the judge's insistence on using a 2018 record date and secure a decent payoff for themselves, because I believe that they mainly acquired their shares after 2018.

Hence, I agree an appeal seems to be the most likely outcome. Now, sorry to yet again demonstrate my limited knowledge of the American legal system: I understand that an appeal would be heard by an appelate court, which would focus on the possible errors in the judge's interpretation of the law. Would you know what the timing for such an appeal process would be, and what outcomes are possible?

Thank you very much in advance.

P.S. In the unlikely event that you haven't seen it, here a link to the judge's decision:

https://filedropper.com/d/s/Bi7NQmvwMdv3NmuPvWXsbaeQgSjkpW

NB: this is an open file sharing service and as such filled with malware that other people upload, so you will get a warning when you click on the link. However, the link I have posted leads only to a pdf file. I have by the way recently used the same service to post files to the SIAF board.