$5.875M settlement approved for VNET Group ADS investors in class action lawsuit

The U.S. District Court for the Southern District of New York approved a $5.875 million proposed class action settlement for investors who purchased VNET Group, Inc. American Depositary Shares (ADS) between March 23, 2022, and February 17, 2023. The settlement resolves claims against VNET and certain executives, with a hearing scheduled for August 27, 2026, to finalize approval. Investors affected can submit claims by August 20, 2026, to receive compensation from the settlement fund. Those wishing to exclude themselves or object must do so by August 6, 2026. This settlement offers financial recovery to shareholders impacted during the specified period.