Important Settlement Notice for Sea Limited Shareholders

Author: Logan Wright Updated: 04-15-2025 09:27 AM

Overview of the Proposed Settlement for Sea Limited Shareholders

This notice concerns all individuals and entities who purchased Sea Limited's publicly-traded American Depositary Shares during the specified period. It is essential for all shareholders to carefully review this information, as it outlines their rights and options regarding the proposed settlement.

Details of the Class Action

The class action involves all persons and entities that acquired Sea Limited shares between November 15, 2022, and August 14, 2023. The United States District Court will oversee the proposed settlement, with a hearing scheduled to assess the settlement's fairness and adequacy. Shareholders who are part of this class should be aware of the implications of this litigation.

Settlement Hearing Information

A hearing is set to discuss the approval of a $46 million cash settlement that is intended to resolve any claims related to the litigation. This hearing will also consider the attorneys’ fees and expenses from the settlement fund. It aims to ensure that all procedures are fair and reasonable to all parties involved.

What to Expect at the Hearing

The Honorable Douglas L. Rayes will preside over the Settlement Hearing, which may be conducted via telephonic or video conference. Class Members should check the court's docket and related websites for any updates on the hearing's logistics.

Important Dates for Class Members

Shareholders must submit a Proof of Claim by June 23, 2025, to be eligible for any settlement benefits. This requirement is crucial, as failure to submit a claim may result in the loss of potential compensation. Additionally, Class Members who wish to object to the settlement must have their objections filed by June 10, 2025.

Steps to Follow for Claim Submission

If you hold shares from the defined period, ensure that you establish your claims by submitting the necessary forms promptly. This involves either mailing the documents or utilizing the electronic submission methods provided.

Exclusion from the Class

Class Members have the right to request exclusion from the settlement but must ensure that their request is submitted in a timely manner. Those who choose exclusion will not benefit from the settlement but will preserve their right to pursue individual claims.

Additional Information and Inquiries

For further questions regarding the settlement, participating class members can reach out to the Claims Administrator. It’s essential to avoid contacting Sea Limited directly or any court officials regarding these matters.

Stay informed and proactive about your rights and options as a shareholder, as this proposed settlement could significantly impact you.

Frequently Asked Questions

What is the purpose of this settlement notice?

This notice informs shareholders of Sea Limited about a proposed class action settlement that impacts their rights.

When is the settlement hearing scheduled?

The hearing is scheduled for July 1, 2025, to discuss the approval of the settlement terms.

What must I do to participate in the settlement?

To benefit from the settlement, you must submit a Proof of Claim by June 23, 2025.

How can I obtain more information about the settlement?

More details are available on the official website providing updates on the settlement.

What happens if I miss the deadlines?

Missing the deadlines for filing a claim or requesting exclusion may forfeit your rights under the settlement.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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