Grab Holdings $80M Settlement for Securities Claims

If you purchased or otherwise acquired public shares in Grab Holdings Ltd. ("Grab") between August 2, 2021, and March 3, 2022, you may qualify to claim a portion of an $80,000,000 settlement from a class action settlement.

Grab has agreed to pay this amount to settle a class action lawsuit for alleged misrepresentations and omissions in their proxy/registration statement and other public statements.

Who is eligible for a cash payment?

Class members meet the following requirements:

• Purchased or otherwise acquired public shares in Grab (including by way of exchange of Altimeter Growth Corp. ("AGC") shares) pursuant to or traceable to the proxy/registration statement filed on August 2, 2021, and amended subsequently.
• Exchanged AGC shares for Grab Class A Ordinary Shares rather than redeeming them.
• Purchased or otherwise acquired public Grab Class A Ordinary Shares or other public Grab or AGC securities between August 2, 2021, and March 3, 2022.

What is the Grab Securities settlement payment?

• Estimated Average Recovery Per Share: If all affected Grab shares participate in the settlement, the estimated recovery per share could be approximately $0.1073 before deduction of any fees, expenses, costs, and awards.
• Payment will vary based on several factors, including price of share transactions, purchase timing, and number of valid claims submitted.

How to claim an SEC payout

To claim an award, class members must submit a claim form. You can file a claim online or download the PDF claim form and mail it to the settlement administrator. by the April 24, 2025 deadline.

Settlement Administrator's mailing address: Grab Securities Settlement, c/o A.B. Data, Ltd., PO Box 173098, Milwaukee, WI 53217.

Required documentation to submit a claim

Yes, proof is required such as copies of broker confirmation or other transaction documentation:

• Holdings as of December 1, 2021
• AGC shares exchanged for Grab class A ordinary shares or AGC shares redeemed in December 2021
• Grab Holdings Inc shares held and exchanged for freely-transferable Grab class A ordinary shares on December 2, 2021
• Purchases and acquisitions from December 2021 - March 3, 2022 and sales through date of claim submission
• Holdings on date of claim submission

Payout options

Claimants can select from the following

• Check mailed to address provided
• Electronic payment

$80 Million settlement fund breakout

The settlement fund of $80,000,000 includes

• Settlement administration costs: Estimated between $300,000 to $490,000
• Attorneys' fees and expenses: Not to exceed $27,066,667
• Service awards to class representatives: Up to $15,000 for each Lead Plaintiff
• Payments to valid claimants

Important dates

• Fairness Hearing: May 15, 2025
• Deadline to File a Claim: April 24, 2025

When is the Grab Holdings Settlement payout date?

The fairness hearing is scheduled for May 15, 2025, to decide whether to approve the settlement. Once the court grants approval, the settlement administrator will issue payments to approved claimants.

Why is there a class action settlement?

The lawsuit alleged that Grab made misrepresentations and omissions in their proxy/registration statement and other public statements, violating federal securities laws. The settlement avoids the costs and risks of further litigation and a trial and provides a cash benefit to valid claimants.

Sources

• 1] [Class Notice
• 2] [Settlement Website