11thestate
Sep 18, 12:59 PM
$VNET Settlement FAQ: Who’s Eligible for the
$5.87M?
Q: What happened?
A: VNET Group was accused of hiding its founder’s margin-loan default, the risk that his pledged shares could be seized, and the resulting threat to the company’s control structure and financing. In February 2023, Bold Ally disclosed that it had exercised rights over the pledged shares, while VNET authorized new super-voting shares for the founder.
$VNET fell 31.85% and investors filed a lawsuit.
Q: Am I actually eligible?
A: If you bought
$VNET shares between 2022 and 2023, you’re likely eligible. You don’t need to hold the stock still to claim; past losses count
Q: I missed the deadline. Is it too late?
A: No, you may still be able to file a late claim, but acceptance depends on final approval by the court.
Q: When do payouts happen?
A: Typically, within 4–9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
Check if you're eligible and file a claim:https://11th.com/cases/vnet-investor-suit
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