DiDi Settlement: Eligibility, Payout Amounts, and Filing Deadlines

The DiDi settlement is a proposed $740 million resolution of a securities class action brought by investors who bought DiDi Global Inc. American Depositary Shares around the company’s June 2021 IPO. It is pending final court approval, with a fairness hearing set for June 16, 2026, before Judge Lewis A. Kaplan in the U.S. District Court for the Southern District of New York.¹ The claim filing deadline has already passed, but the case is still moving toward payout.

What the Settlement Covers

DiDi listed on the New York Stock Exchange on June 30, 2021, selling 316.8 million American Depositary Shares at $14 each and raising about $4.4 billion.² Two days later, the Cyberspace Administration of China opened a cybersecurity review. Chinese regulators ordered DiDi’s apps pulled from domestic stores, the share price collapsed, and by June 10, 2022, DiDi had delisted from the NYSE.³

Investors sued in the Southern District of New York, consolidated as In re DiDi Global Inc. Securities Litigation, Case No. 21-cv-05807. The complaint alleged that DiDi’s IPO registration statement and prospectus omitted a specific CAC directive telling the company to postpone the IPO until it finished a cybersecurity self-inspection, and that DiDi’s generic risk warnings did not convey the concrete danger it already knew about.⁴ DiDi denies wrongdoing and is settling to avoid further litigation.

The parties reached the $740 million agreement on December 15, 2025. It is the largest U.S. securities class action settlement announced since 2023 and one of the ten largest of the past decade.⁵ The court granted preliminary approval on January 12, 2026.⁶

Who Qualifies

The settlement class includes anyone, individual or entity, who purchased or acquired DiDi American Depositary Shares between June 30, 2021, and July 21, 2021, inclusive.⁷ The window is narrow: only three weeks starting on the day of the IPO. Holders of other DiDi securities are not covered. If you bought ADS before or after those dates, you are not part of this class.

The separate SEC inquiry into DiDi’s IPO disclosures is not this case, and no formal SEC enforcement action has been announced.⁸

How Much You Might Receive

Payouts follow a “recognized loss” formula that depends on when you bought and when, or whether, you sold. In general terms:⁹

ADS bought and sold before July 6, 2021: recognized loss of $0.
ADS sold between July 6 and July 21, 2021: the lesser of the decline in inflation shown in the settlement’s reference table, or the actual loss on the trade.
ADS sold between July 23 and October 20, 2021: the lesser of the decline in inflation, the actual trade loss, or the difference between your purchase price and an average closing price from the settlement’s tables.
ADS still held as of October 20, 2021: the lesser of the decline in inflation, or the difference between the purchase price and $8.46 per ADS.

If total recognized losses across all claimants exceed the net settlement fund, individual payments are reduced proportionally. Any claim that would pay less than $10 is not issued.⁹

The official settlement site estimates an average recovery of roughly $1.84 per affected ADS if every eligible investor participates, before deductions.¹⁰ Participation is almost always well below 100% in securities class actions, so actual per-share recoveries for investors who file may run higher.

Lead counsel, the Rosen Law Firm, plans to ask the court for attorneys’ fees of up to 25% of the $740 million fund, plus litigation expenses capped at $5.25 million. At the maximum, the fee deduction works out to about $0.47 per affected ADS. The court will rule on the fee request at the June 2026 hearing.¹⁰

Deadlines and How to File

The claims administrator is Strategic Claims Services. The deadline to submit a Proof of Claim and Release Form was April 6, 2026, filed online at DiDiSettlement.com or mailed to the administrator in Media, Pennsylvania.¹ Late claims may still be accepted, subject to court approval, so investors who missed the date should contact the administrator rather than assume they are shut out.⁵

The opt-out deadline was also April 6, 2026, and the deadline to object to the settlement was May 26, 2026.⁵ Class members who did nothing by those dates remain in the class, give up the right to sue DiDi separately over the covered claims if the settlement is approved, and are eligible for a payment only if they filed a valid claim.

To reach the claims administrator, call (855) 496-9320.⁷

When Payments Are Expected

The final fairness hearing is scheduled for June 16, 2026, when Judge Kaplan will decide whether to grant final approval.¹ If the court approves, payments typically follow in roughly four to nine months, putting likely distribution somewhere between late 2026 and early 2027. That timing assumes no appeals; a challenge to the approval order would push distribution later.

Nothing is paid until after final approval. Any communication asking you to pay a fee to receive your settlement money is not from the administrator. The claim itself is free to file, and administrator costs come out of the settlement fund before distribution, not from claimants directly.¹⁰

1
PR Newswire. The Rosen Law Firm Announces Proposed Settlement on Behalf of Purchasers of DiDi Global Inc. American Depositary Shares
2
Al Jazeera. China’s Ride-Hailing DiDi Raises $4.4B in Upsized US IPO
3
Nikkei Asia. Didi’s Ride From the NYSE to OTC: 5 Things to Know
4
Allen & Overy (Shearman). In re DiDi Global Inc. Securities Litigation Complaint
5
11th. DiDi Investor Settlement
6
Law360. DiDi Investors Can Notify Class of Proposed $740M Deal
7
KTMC. DiDi Global Inc.
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Barron’s. DiDi Global IPO SEC
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Claim Depot. DiDi Settlement
10
DiDi Settlement. In re DiDi Global Inc. Securities Litigation