The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action and Proposed Settlement, Final Approval Hearing and Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
If you (i) purchased or otherwise acquired public shares in Grab Holdings Ltd. (“Grab”) (including by way of exchange of Altimeter Growth Corp. (“AGC”) shares) pursuant to or traceable to the proxy/registration statement that Grab filed with the SEC on Form F-4 on August 2, 2021, and that was thereafter amended on Forms F-4/A on September 13, 2021, October 18, 2021, November 12, 2021, November 17, 2021, and November 19, 2021, and incorporated into the final prospectus on Form 424(b)(3) filed on November 19, 2021, as amended (the “Proxy/Registration Statement”); (ii) who exchanged AGC shares for Grab Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement; or (iii) who purchased or otherwise acquired public Grab Class A Ordinary Shares or other public Grab or AGC securities between August 2, 2021 and March 3, 2022, both dates inclusive, you may be entitled to a payment from a class action settlement.
| Description | Due Date | |
|---|---|---|
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SUBMIT A CLAIM FORM BY APRIL 24, 2025 |
The only way to get a payment. See Question 7 in the Notice for details. |
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EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY APRIL 24, 2025 |
Get no payment. This is the only option that, assuming your claim is timely brought, might allow you to ever bring or be part of any other lawsuit against the Defendants or the other Released Defendants’ Parties concerning the Releasing Plaintiffs’ Parties’ Claims. See Question 10 in the Notice for details. |
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OBJECT BY APRIL 24, 2025 |
Write to the Court about why you do not like the Settlement, the Plan of Allocation, or the attorneys’ fee and expense application. If you object, you will still be a member of the Settlement Class. See Question 14 in the Notice for details. |
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GO TO A HEARING ON MAY 15, 2025 AND FILE A NOTICE OF INTENTION TO APPEAR BY APRIL 24, 2025 |
Class Members may be permitted to appear and speak to the Court if they submit a written objection. See Question 18 in the Notice for details. |
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DO NOTHING |
Get no payment AND give up your rights to bring your own individual action. |
How do I know if I am part of the Settlement?
For the purposes of settlement, everyone who fits the following description is a Settlement Class Member. Please read Question Number 5 in the Notice for exceptions to inclusion in the Settlement Class.
The Settlement Class includes all persons or entities: (i) who purchased or otherwise acquired public shares in Grab (including by way of exchange of AGC shares) pursuant to or traceable to the proxy/registration statement that Grab filed with the SEC on Form F-4 on August 2, 2021, and that was thereafter amended on Forms F-4/A on September 13, 2021, October 18, 2021, November 12, 2021, November 17, 2021, and November 19, 2021, and incorporated into the final prospectus on Form 424(b)(3) filed on November 19, 2021, as amended (the “Proxy/Registration Statement”); (ii) who exchanged AGC shares for Grab Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement; or (iii) who purchased or otherwise acquired public Grab Class A Ordinary Shares or other public Grab or AGC securities between August 2, 2021 and March 3, 2022, both dates inclusive.
What does the Proposed Settlement Provide?
At this time, it is not possible to make any determination as to how much any individual Class member may receive from the Settlement.
The Settlement provides $80,000,000.00 in cash for the benefit of the Settlement Class. The Settlement Amount and any interest it earns constitute the “Settlement Fund.” The Settlement Fund, less any taxes and tax expenses, any Fee and Expense Application to Co-Lead Counsel, any award to Lead Plaintiffs approved by the Court, and Settlement Administration Costs is the “Net Settlement Fund.”
If the Settlement is approved by the Court, the Net Settlement Fund will be distributed to eligible Authorized Claimants—i.e., Settlement Class Members who timely submit valid Claim Forms that are accepted for payment by the Court—in accordance with the proposed Plan of Allocation in the Notice or such other plan of allocation as the Court may approve.
Settlement Class Members who do not timely submit valid Claim Forms will not share in the Net Settlement Fund but will otherwise be bound by the Settlement. The Court may approve this proposed Plan of Allocation, or modify it, without additional notice to the Settlement Class. Any order modifying the Plan of Allocation will be posted on this settlement website in the Court Documents section.
The Settlement Hearing
The Court will hold the Settlement Hearing on May 15, 2025 at 11:00 a.m., in Courtroom 20B of the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007, or via remote means that the Court may specify. At this hearing, the Court will consider, whether: (i) the Settlement is fair, reasonable, and adequate, and should be finally approved; (ii) the Plan of Allocation is fair and reasonable and should be approved; and (iii) Co-Lead Counsel’s application for attorneys’ fees and expenses and Lead Plaintiffs’ awards are reasonable and should be approved. The Court will take into consideration any written objections filed in accordance with the instructions in Question 14 in the Notice.
You should be aware that the Court may change the date and time of the Settlement Hearing, or hold the hearing remotely, without another notice being sent to Settlement Class Members.
Further Information
For more details regarding this case, please reference the documents filed in the case under the “Court Documents” section at the top of this website. You may also contact the Claims Administrator or Co-Lead Counsel for further information regarding this case.
Claims Administrator:
Grab Securities Settlement
Claims Administrator
c/o A.B. Data, Ltd.
PO Box 173098
Milwaukee, WI 53217
(877) 388-1754
info@GrabSecuritiesSettlement.com
Co-Lead Counsel:
Pomerantz LLP
Brian P. O’Connell
10 S. LaSalle Street, Suite 3505
Chicago, IL 60603
(312) 377-1181
boconnell@pomlaw.com
Levi & Korsinsky, LLP
Shannon L. Hopkins or Gregory M. Potrepka
1111 Summer Street, Suite 403
Stamford, CT 06905
(203) 992-4523
shopkins@zlk.com
gpotrepka@zlk.com