By Steve Levine
Published: February 25, 2026
What Is the DiDi Securities Settlement About?
DiDi Global is a Chinese ride-hailing company often called the "Uber of China." On June 30, 2021, it went public on the New York Stock Exchange in one of the biggest IPOs of the year, raising about $4.4 billion. The lawsuit alleged DiDi and its executives misled investors by hiding the fact that the Chinese government had warned the company not to proceed with the IPO until it fixed serious cybersecurity and data-privacy problems.Just two days after the IPO, China's Cyberspace Administration placed DiDi under cybersecurity review, suspended new user registrations, and ordered DiDi's apps removed from Chinese app stores. The share price fell sharply, and DiDi later delisted from the NYSE in 2022. A $740,000,000 settlement — one of the ten largest securities class action settlements in the U.S. in the last decade — resolves the case. DiDi denies all wrongdoing, and the April 6, 2026 claim deadline has now passed.
Who Qualified for the Settlement?
Class members are investors who 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. DiDi's ticker was DIDI on the NYSE; after delisting in 2022 it trades over-the-counter as DIDI.Y.Excluded from the Class are DiDi's current and former officers and directors, all defendants (the company, the individual executives, and the IPO underwriter banks), and major shareholders including SoftBank Group, Uber Technologies, Alibaba Group, Tencent Holdings, and Boyu Capital, along with their affiliates and immediate family members. Shares acquired by gift, inheritance, or through an employee plan are generally not eligible — the shares had to be purchased on the open market.
How Much Could Class Members Get?
The total settlement fund is $740 million. The estimated average recovery is about $1.84 per affected ADS before fees and expenses, with maximum estimated damages of $4.56 per share. After estimated attorneys' fees and expenses of roughly $0.47 per share, the net average recovery could be approximately $1.37 per share. Payments under $10.00 are not distributed.Each payout is based on a Recognized Loss formula that estimates losses attributable to the alleged fraud rather than normal market movement, using the corrective-disclosure dates (the first negative news broke around July 5, 2021, with additional sanctions disclosed July 22, 2021). Investors who bought at the IPO and held through the crackdown have the largest claims; those who sold before the first bad news generally have a Recognized Loss of zero. The fund is reduced by attorneys' fees (requested up to 25%, or $185 million), litigation expenses (up to $5.25 million), taxes, and administration costs, with any residual ultimately donated to Memorial Sloan Kettering Cancer Center.
What the "90-Day Look-Back Period" Means
Under federal securities law, even though the Class Period ends July 21, 2021, the settlement also looks at DiDi's stock price for the 90 trading days afterward — through October 20, 2021 — to determine the stock's value once the alleged fraud was revealed. Claimants had to provide transaction records through October 20, 2021, even though only purchases during the Class Period qualify. The average closing price during the look-back period was $8.46, which is used as the comparison price for shares still held at the end of that window.Was Proof Required?
Yes. Claimants had to submit brokerage confirmation slips, monthly account statements, or an authorized broker statement showing DiDi ADS purchases (June 30–July 21, 2021) and sales (through October 20, 2021), plus holdings at the open on June 30, 2021 and the close on October 20, 2021. Claims without documentation were rejected. If you filed and need help with a submitted claim, use the contact form on the official settlement website.Frequently Asked Questions About the DiDi Settlement
Who qualified for the DiDi class action settlement?
Investors who purchased DiDi American Depositary Shares (ADSs) between June 30, 2021 and July 21, 2021 on a U.S. exchange or in a U.S. transaction — the 22-day window starting from DiDi's NYSE IPO. Officers, directors, IPO underwriters, and certain major shareholders such as SoftBank, Uber, Alibaba, and Tencent are excluded.
How much will claimants get from the DiDi settlement?
The estimated average recovery is approximately $1.84 per affected ADS before deductions, with maximum estimated damages of $4.56 per share. After estimated fees and expenses of about $0.47 per share, the net average recovery could be roughly $1.37 per share. Actual payouts depend on purchase and sale dates, prices, and total valid claims. Payments under $10.00 are not distributed.
What was the deadline to file a DiDi settlement claim?
April 6, 2026. Claims had to be submitted online or postmarked by that date. The settlement is now closed to new claims.
Was proof of purchase required for the DiDi settlement?
Yes. Claimants had to submit documentation of their DiDi ADS transactions — brokerage confirmation slips, monthly account statements, or an authorized broker statement showing purchase and sale dates, quantities, and prices. Claims without supporting documentation were rejected.
What was the DiDi class action lawsuit about?
The lawsuit alleged DiDi and its executives misled investors during the June 2021 IPO by failing to disclose that the Chinese government had warned it not to go forward until it complied with cybersecurity and data-privacy laws. Two days after the IPO, China's Cyberspace Administration launched a cybersecurity review, suspended new user registrations, and ordered DiDi's apps removed, and the share price dropped sharply. DiDi denies all allegations.
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. This settlement covers purchases made during the June–July 2021 IPO class period on the NYSE.
Settlement Agreement
Sources
• Settlement Notice, In re DiDi Global Inc. Securities Litigation, No. 1:21-cv-05807-LAK-VF (S.D.N.Y.)• Stipulation and Agreement of Settlement (December 9, 2025)
• Court Order Authorizing Notice (January 12, 2026)
• Official Settlement Website: DiDiSettlement.com
• Lead Counsel: The Rosen Law Firm, P.A. · Claims Administrator: Strategic Claims Services
Filing Class Action Settlement Claims
This page is for informational purposes. OpenClassActions.com is not a law firm and is not a claims administrator. For help with a claim you already submitted, contact the administrator or Class Counsel through the official Settlement Website.
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