Didi’s $740 Million IPO Investor Settlement Gets Court Approval

Didi Global Inc.‘s $740 million investor class settlement earned a federal judge’s final blessing to resolve allegations of hiding cybersecurity compliance issues that drew scrutiny from Chinese regulators in its short-lived US market debut.

The agreement, which earned Judge Lewis A. Kaplan’s approval Tuesday, ends almost five years of litigation against the ride-hailing app and architects of its 2021 initial public offering. Investors sued after its American Depositary Share price plummeted as Chinese regulators threatened, and ultimately issued, punishments against Didi.

• The US District Court for the Southern District of New York judge previously certified a class of those ...