Heng Ren Silk Road Investments LLC et al v. Joseph Chen et al: $300M Settlement Agreement

Stipulation to $300 million Settlement in a dispute involving a Cayman Islands company described as the “Facebook of China” in Heng Ren Silk Road Investments LLC, of Massachusetts; Oasis Investments II Master Fund Ltd., of the Cayman Islands, and Jodi Arama, derivatively on behalf of nominal defendant Renren Inc., of the Cayman Islands v. Joseph Chen, David K. Chao, DCM III, L.P., DCM III-A, L.P., DCM Affiliates Fund III, L.P., DCM Investment Management III, LLC, Duff & Phelps, LLC, Oak Pacific Investment, Social Finance, Inc., SoftBank Group Capital Limited, SoftBank Group Corp., SB Pan Pacific Corporation, Renren SF Holdings, Inc., and Renren Lianhe Holdings at the Supreme Court of the State of New York, County of New York.