What is the deadline to file a DiDi settlement claim?

The claim deadline is April 6, 2026. Claims must be submitted online at DiDiSettlement.com by 11:59 PM ET on April 6, 2026, or mailed to the Claims Administrator postmarked by April 6, 2026. If you miss this deadline, you will not be eligible to receive any payment but will still be bound by the settlement terms and release of claims.

Do I need proof of purchase for the DiDi settlement?

Yes. Proof of purchase is required. You must submit documentation of your DiDi ADS transactions, such as brokerage confirmation slips, monthly brokerage account statements, or an authorized statement from your broker showing your purchase and sale dates, quantities, and prices. If you do not have these documents, contact your broker to obtain copies. Claims without supporting documentation will be rejected.

What was the DiDi class action lawsuit about?

The lawsuit alleged that DiDi and its executives misled investors during the company's June 2021 IPO. Specifically, the complaint claimed DiDi failed to disclose that the Chinese government had warned it not to go forward with the IPO until it complied with cybersecurity and data privacy laws. Just two days after the IPO, China's Cyberspace Administration launched a cybersecurity review of DiDi, suspended new user registrations, and eventually ordered DiDi's apps removed from domestic platforms. DiDi's share price dropped significantly as these sanctions were announced. DiDi denies all allegations.

How do I file a claim for the DiDi settlement?

File your claim online at DiDiSettlement.com or mail a completed Claim Form to: In re DiDi Global Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063. You will need your brokerage statements showing your DiDi ADS purchases and sales during the Class Period (June 30 through July 21, 2021) and any sales through October 20, 2021 for the 90-day look-back calculation.

When will DiDi settlement payments be sent?

The final approval hearing is scheduled for June 16, 2026. If the court approves the settlement, payments will be distributed after all claims are processed and any appeals are resolved. This process typically takes several months to over a year after final approval. The Claims Administrator will notify you when your payment is ready.

Is DiDi still publicly traded?

DiDi delisted from the New York Stock Exchange in 2022 following the Chinese government's cybersecurity crackdown. DiDi shares now trade over-the-counter under the ticker DIDI.Y (formerly DIDIY). This settlement is the only realistic path to recovery for most investors who lost money during the June-July 2021 IPO period.

What happens if I do nothing and don't file a claim?

If you are a Class Member and do not file a claim, you will not receive any payment from the settlement. However, you will still be bound by the settlement terms, which means you give up your right to sue DiDi or any other defendant over the same claims. The only way to preserve your right to sue independently is to formally exclude yourself from the Class by April 6, 2026.

How is the $740 million DiDi settlement fund being divided?

The $740 million fund will be reduced by attorney fees (up to 25% or $185 million), litigation expenses (up to $5.25 million), taxes, and administration costs. The remaining Net Settlement Fund is distributed to claimants based on a court-approved Plan of Allocation that calculates each investor's Recognized Loss based on purchase dates, prices, sale dates, and prices. Payments under $10.00 are not distributed.

DiDi $740 Million IPO Class Action Settlement - File a Claim by April 6, 2026

Q: Who qualifies for the DiDi class action settlement?

Anyone who purchased DiDi American Depositary Shares (ADSs) between June 30, 2021 and July 21, 2021, inclusive. This was the 22-day window starting from DiDi's IPO on the New York Stock Exchange. You must have purchased the shares on a U.S. exchange or in a U.S. transaction. Officers, directors, underwriters of the IPO, and certain major shareholders like SoftBank, Uber, Alibaba, Tencent, and Boyu Capital are excluded from the Class.

Q: How much will I get from the DiDi settlement?

The estimated average recovery is approximately $1.84 per affected ADS before deductions for attorney fees, expenses, and administration costs. Your actual payout depends on when you bought, how much you paid, when or if you sold, and how many total claims are filed. Maximum estimated damages are $4.56 per share. After estimated attorney fees and expenses of about $0.47 per share, the net average recovery could be approximately $1.37 per share. Payments under $10.00 will not be distributed.

DiDi Class Action Settlement $740 Million - File a Claim by April 6 2026 - DiDi Global IPO Securities Fraud Settlement - DiDi ADS Investors

Steve Levine | Published: February 25, 2026

Status: Open — File a Claim

Claim Deadline: April 6, 2026

Settlement Amount: $740,000,000

Estimated Payout: ~$1.84 per share (before fees)

Proof Required: Yes — Brokerage Statements Required

If you bought DiDi Global stock — specifically DiDi American Depositary Shares (ADSs) — between June 30, 2021 and July 21, 2021, you may be eligible to file a claim in a $740 million class action settlement. This is one of the 10 largest securities class action settlements in the United States in the last decade.

The lawsuit alleged that DiDi and its executives misled investors during the company’s massive June 2021 IPO by hiding the fact that the Chinese government had warned DiDi not to go public until it fixed serious cybersecurity and data privacy problems. Just two days after the IPO, Chinese regulators launched a crackdown on DiDi that sent the stock price plummeting. Investors who bought shares during those first few weeks lost significant money.

DiDi denies all wrongdoing and is settling to avoid the cost and uncertainty of continued litigation.

The claim deadline is April 6, 2026. You must provide proof of your DiDi stock purchases (brokerage statements or confirmation slips). Claims without documentation will be rejected.

Who Qualifies for the DiDi Class Action Settlement?

You qualify if you purchased DiDi American Depositary Shares (ADSs) on a U.S. stock exchange or in a U.S. transaction during the 22-day Class Period from June 30, 2021 through July 21, 2021.

In plain language: if you bought DiDi stock during the first three weeks after it went public on the New York Stock Exchange, you are likely a Class Member and eligible to file a claim. DiDi’s ticker symbol was DIDI on the NYSE. After delisting in 2022, it traded over-the-counter as DIDIY (now DIDI.Y).

Who is excluded from the Class:

• Current and former officers and directors of DiDi
• All defendants in the lawsuit (DiDi, the individual executives, the IPO underwriters)
• Major shareholders: SoftBank Group, Uber Technologies, Alibaba Group, Tencent Holdings, and Boyu Capital
• Affiliates, subsidiaries, and immediate family members of the above

If you acquired DiDi ADSs by gift, inheritance, or through an employee plan (ERISA), those shares are generally not eligible. You must have purchased the shares on the open market.

How Much Will I Get from the DiDi Settlement?

The total settlement fund is $740 million. How much you receive depends on several factors: when you bought your shares, how much you paid, whether and when you sold, and how many total claims are filed.

● Estimated average payout: ~$1.84 per affected ADS (before fees and expenses)

● Maximum estimated damages: $4.56 per share (if plaintiffs had won at trial)

● Total affected shares: ~401.2 million DiDi ADSs

● Estimated attorney fees per share: ~$0.47 (if maximum fees are approved)

● Minimum payout threshold: $10.00 — if your calculated payout is less than $10, you will not receive a payment

● Proof of purchase required: Yes — brokerage statements or confirmation slips

Understanding the Payout Calculation

Your payout is based on a “Recognized Loss” formula that the court uses to estimate how much you lost because of DiDi’s alleged fraud, as opposed to normal market fluctuations. The key dates that matter are:

• July 5, 2021: First corrective disclosure — news broke that Chinese regulators were investigating DiDi
• July 22, 2021: Second corrective disclosure — additional sanctions announced

If you bought DiDi shares and sold them before July 6, 2021 (before the first bad news hit), your Recognized Loss is $0 because you sold before the fraud was revealed. If you held through one or both of those dates, your Recognized Loss is higher.

The maximum Recognized Loss per share ranges from $2.38 to $5.03 depending on when you bought and when you sold (see the settlement notice for the full table). Investors who bought at the IPO price and held through the full crackdown have the largest claims.

$740 Million Settlement Fund Breakdown

● Total Settlement Fund: $740,000,000

● Attorney Fees (requested): Up to 25% = up to $185,000,000

● Litigation Expenses: Up to $5,250,000

● Administration Costs & Taxes: Deducted from the fund

● Net Settlement Fund: Remaining balance distributed to claimants on a pro rata basis

● Residual Funds: Any leftover money after all distributions goes to Memorial Sloan Kettering Cancer Center

One factor working in investors’ favor: the Class Period is only 22 days, which means the pool of eligible claimants is more concentrated than typical large securities cases. Public records suggest that large institutional investors had relatively limited exposure to the IPO, which could result in more favorable payouts for smaller and mid-sized shareholders who actually file claims.

How to File a Claim for the DiDi Settlement

You can file your claim in two ways:

Online: Go to DiDiSettlement.com and submit your claim electronically by 11:59 PM ET on April 6, 2026.

By Mail: Download and complete the Claim Form from DiDiSettlement.com and mail it to: In re DiDi Global Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063. Must be postmarked by April 6, 2026.

What You Need to File

● Your name, address, phone number, and email

● Last four digits of your Social Security Number or full Taxpayer ID

● Brokerage documentation showing all DiDi ADS purchases from June 30 through July 21, 2021

● Brokerage documentation showing all DiDi ADS sales from June 30, 2021 through October 20, 2021 (the 90-day look-back period)

● Your DiDi ADS holdings as of market open on June 30, 2021 and market close on October 20, 2021

● Do NOT send original documents — send copies only

If you don’t have your brokerage records: Contact your broker or brokerage firm and request copies of your account statements or confirmation slips for the relevant period. Most brokers can provide historical transaction records. This is critical — claims submitted without documentation will be rejected.

What Was the DiDi IPO Lawsuit About?

DiDi Global is a Chinese ride-hailing company often called the “Uber of China.” On June 30, 2021, DiDi went public on the New York Stock Exchange in one of the biggest IPOs of the year, raising approximately $4.4 billion from investors.

According to the lawsuit, the problem was that the Chinese government had privately warned DiDi not to go through with the IPO until it resolved serious compliance issues with China’s cybersecurity and data privacy laws. DiDi allegedly ignored those warnings and pushed ahead with the IPO anyway, telling investors in its Registration Statement that it was in material compliance with applicable laws.

What happened next was swift and devastating for investors:

• June 30, 2021: DiDi goes public at $14 per share on the NYSE
• July 2, 2021: Just two days later, the Cyberspace Administration of China (CAC) places DiDi under cybersecurity review and suspends new user registrations on DiDi’s China platform
• July 4-5, 2021: CAC orders DiDi’s apps removed from Chinese app stores
• July 6, 2021 and beyond: DiDi’s stock price drops sharply as the full scope of Chinese government sanctions becomes clear
• July 22-23, 2021: Additional sanctions announced, stock drops further
• 2022: DiDi delists from the NYSE entirely

The lawsuit alleged four key categories of wrongdoing: (1) DiDi failed to disclose the Chinese government’s warnings not to proceed with the IPO; (2) DiDi falsely claimed it was in material compliance with cybersecurity laws; (3) DiDi deceived its own underwriting banks into closing the IPO by misrepresenting the impact of the July 2 sanctions; The lawsuit named DiDi, nine individual executives, and ten major Wall Street banks that served as IPO underwriters, including Goldman Sachs, J.P. Morgan, Morgan Stanley, and others.

DiDi denied all allegations throughout the case. The court denied five separate motions to dismiss in a 52-page opinion, finding that the investors had adequately stated their claims. After extensive discovery involving 2.7 million pages of documents, 14 depositions (many conducted in Mandarin Chinese in Hong Kong), and a class certification battle, the parties ultimately agreed to settle for $740 million.

Why This Settlement Matters for DiDi Investors

This settlement is significant for several reasons. DiDi delisted from the NYSE in 2022, which means investors cannot recover their losses through normal stock market appreciation. For most retail investors who bought DiDi shares during that first month, this $740 million settlement is the only realistic path to getting some of their money back.

The 22-day Class Period is unusually short, which means the pool of eligible investors is more concentrated than typical securities cases. Combined with reports that many large institutional investors had limited IPO exposure, this dynamic could translate to higher per-share payouts for individual investors who file claims — especially if not all eligible investors submit claims (which is typical in securities settlements).

This case is also notable because it reinforces that the U.S. class action system can provide meaningful recovery for investors in foreign companies that list in the United States. China’s legal system does not provide an equivalent mechanism for shareholder recovery.

DiDi Settlement Key Dates

● June 30, 2021: DiDi IPO on the NYSE (Class Period begins)

● July 21, 2021: Class Period ends

● October 20, 2021: End of 90-day look-back period

● September 2023: Consolidated class action lawsuit filed

● March 14, 2024: Court denies all five motions to dismiss

● August 12, 2025: Parties agree to settle for $740 million

● December 9, 2025: Stipulation of Settlement signed

● January 12, 2026: Court authorizes Notice to be sent to Class Members

● April 6, 2026: Claim deadline (file online or postmark by this date)

● April 6, 2026: Deadline to request exclusion from the Class

● May 26, 2026: Deadline to file objections

● June 16, 2026: Final approval hearing (10:00 AM, SDNY Courthouse, New York)

What Happens If I Do Nothing?

If you are a Class Member and do not file a claim by April 6, 2026, two things happen:

First, you will not receive any money from the settlement. Only Class Members who file valid claims with adequate documentation will share in the $740 million fund.

Second — and this is important — you will still be legally bound by the settlement. That means you permanently give up your right to sue DiDi, its executives, the underwriter banks, or any other released party over these same claims. You cannot file your own lawsuit later.

The only way to preserve your right to sue independently is to formally exclude yourself (opt out) from the Class by sending a written exclusion request to the Claims Administrator by April 6, 2026. But if you opt out, you will not receive any money from this settlement and would need to pursue your own legal action at your own expense.

For most investors, filing a claim is the better option. The settlement provides a guaranteed recovery without any legal costs to you.

What Does “90-Day Look-Back Period” Mean?

This is a provision under federal securities law that affects how your payout is calculated. Even though the Class Period ends on July 21, 2021, the settlement also looks at DiDi’s stock price for the 90 trading days after the Class Period — through October 20, 2021 — to determine the “true” value of the stock after the fraud was revealed.

In practice, this means you need to provide your DiDi ADS transaction records through October 20, 2021 when filing your claim, even though only purchases made during the Class Period (June 30 – July 21, 2021) qualify. Your sales during the look-back period affect how your Recognized Loss is calculated.

The average closing price of DiDi ADSs during the 90-day look-back period was $8.46. If you still held your shares at the end of the look-back period on October 20, 2021, your loss calculation uses this $8.46 average as the comparison price.

Who Are the Defendants in the DiDi Settlement?

The settlement resolves claims against three groups:

DiDi Global Inc. — the company itself

Individual Defendants (9 executives):
• Will Wei Cheng (CEO/Chairman)
• Jean Qing Liu (President)
• Stephen Jingshi Zhu
• Alan Yue Zhuo
• Zhiyi Chen
• Martin Chi Ping Lau
• Daniel Yong Zhang
• Kentaro Matsui
• Adrian Perica

Underwriter Defendants (10 banks):
• Goldman Sachs (Asia) LLC
• J.P. Morgan Securities LLC
• Morgan Stanley & Co. LLC
• Mizuho Securities USA LLC
• Barclays Capital Inc.
• BofA Securities, Inc.
• China Renaissance Securities (US) Inc.
• Citigroup Global Markets Inc.
• HSBC Securities (USA) Inc.
• UBS Securities LLC

All defendants deny all allegations of wrongdoing.

DiDi Class Action Settlement — Frequently Asked Questions

Who qualifies for the DiDi settlement?

Anyone who purchased DiDi ADSs between June 30, 2021 and July 21, 2021 on a U.S. exchange or in a U.S. transaction. Officers, directors, underwriters, and major shareholders like SoftBank, Uber, Alibaba, and Tencent are excluded.

How much will I receive?

The estimated average is approximately $1.84 per affected ADS before fees. Your actual payment depends on when you bought, how much you paid, when you sold, and the total number of claims filed. Maximum estimated damages are $4.56 per share. Payments under $10.00 will not be distributed.

Is proof of purchase required?

Yes. You must submit brokerage confirmation slips, account statements, or authorized broker statements showing your DiDi ADS transactions. Claims without documentation will be rejected.

What is the claim deadline?

April 6, 2026. File online at DiDiSettlement.com by 11:59 PM ET, or mail your Claim Form postmarked by April 6, 2026.

When will payments be sent?

After the final approval hearing on June 16, 2026, and after all claims are processed and any appeals are resolved. This could take several months to over a year.

Is DiDi admitting it did anything wrong?

No. DiDi and all other defendants deny all allegations of wrongdoing and are settling to avoid the cost and risk of continued litigation.

What if I sold my DiDi shares at a profit?

If you had a net trading gain from your overall DiDi ADS transactions during the Class Period, your Recognized Loss is zero and you are not entitled to a payment. You must have suffered a trading loss to receive compensation.

What if I bought DiDi shares after July 21, 2021?

Shares purchased after July 21, 2021 are not eligible under this settlement. Only purchases during the 22-day Class Period qualify.

Can I still trade DiDi stock?

DiDi delisted from the NYSE in 2022 but trades over-the-counter under ticker DIDI.Y. This settlement only covers purchases made during the Class Period on the NYSE.

Where do leftover settlement funds go?

After all distributions and re-distributions are completed, any remaining funds will be donated to Memorial Sloan Kettering Cancer Center.

Submit Claim

Class Action Settlement Agreement

Sources

• Settlement Notice — In re DiDi Global Inc. Securities Litigation, Case No. 1:21-cv-05807-LAK-VF
• Stipulation and Agreement of Settlement (December 9, 2025)
• Court Order Authorizing Notice (January 12, 2026)
• Official Settlement Website — DiDiSettlement.com

Case Details

Case: In re DiDi Global Inc. Securities Litigation, Case No. 1:21-cv-05807-LAK-VF
Court: U.S. District Court, Southern District of New York
Judge: Hon. Lewis A. Kaplan
Settlement Amount: $740,000,000
Claim Deadline: April 6, 2026
Objection Deadline: May 26, 2026
Final Approval Hearing: June 16, 2026
Lead Counsel: The Rosen Law Firm, P.A. — Laurence Rosen, Esq. — (212) 686-1060 — DiDiSettlement@rosenlegal.com
Defense Counsel: Skadden, Arps, Slate, Meagher & Flom LLP — Robert Fumerton, Esq. & Michael Griffin, Esq.
Official Settlement Website: DiDiSettlement.com

Class Action Settlement Information

This page is for informational purposes. OpenClassActions.com is not a law firm and is not a claims administrator. For legal advice speak with an attorney licensed in your state.

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DiDi Settlement Summary
Status	Open — File a Claim
Claim Deadline	April 6, 2026
Settlement Amount	$740,000,000
Est. Payout Per Share	~$1.84 (before fees)
Max Damages Per Share	$4.56
Affected Shares	~401.2 million ADSs
Class Period	June 30 – July 21, 2021
Proof Required	Yes — Brokerage Statements
Minimum Payout	$10.00
Attorney Fees	Up to 25% ($185M) + $5.25M expenses
Final Approval Hearing	June 16, 2026
Case	In re DiDi Global Inc., No. 1:21-cv-05807
Court	S.D.N.Y.
File a Claim	DiDiSettlement