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This document pertains to a class action lawsuit settlement involving Dada Nexus Limited and JD.com, Inc. The settlement resolves claims by investors who purchased publicly traded American Depositary Shares (ADS) of Dada Nexus Limited during the class period from March 9, 2023 to April 22, 2024, alleging violations of federal securities laws. A settlement amount of $4.8 million has been proposed to compensate eligible class members.
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What is stipulation of settlement?
A stipulation of settlement is a legal agreement between parties in a dispute that outlines the terms and conditions under which they agree to resolve their differences without further litigation.
Who is required to file stipulation of settlement?
Typically, both parties involved in the dispute are required to file a stipulation of settlement with the court, especially when it resolves the issues in a legal case.
How to fill out stipulation of settlement?
To fill out a stipulation of settlement, parties should provide their names, case number, details of the agreement, terms of the settlement, and signatures of all parties involved, ensuring to comply with the local court rules.
What is the purpose of stipulation of settlement?
The purpose of a stipulation of settlement is to formalize an agreement reached by the parties to avoid further litigation, thereby saving time and resources for all involved.
What information must be reported on stipulation of settlement?
Information that must be reported on a stipulation of settlement includes the names of the parties, the case number, the details of the settlement agreement, any obligations of the parties, and the signatures of all parties involved.
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