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SE.US
id: 1619

Sea Limited (SE) $40M Investor Settlement

Eligible claimants can submit their claims for compensation.
$40,000,000
Cash Settlement
Supreme
Court
151344/2022
Case number
09/14/2021
Class period Start
02/28/2025
Class period End
08/04/2025
Claim deadline
Sea Limited has agreed to settle $40M with $SE investors to resolve claims that it misled them about regulatory risks related to its hit game, Free Fire, in the Indian market.
Case Type
US Securities Class Action
Case Status
Accepting Claims
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Fraud, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Filing date
02/11/2022
Plaintiffs
City of Taylor Police and Fire Retirement System; General Retirement System of the City of Detroit
Attorneys
Robbins Geller Rudman & Dowd LLP; Abraham, Fruchter & Twersky, LLP
Defendants
Forrest Xiaodong Li ; Tony Tianyu Hou; Khoon Hua Kuok ; David Heng Chen Seng; Yuxin Ren ; Gang Ye
Judge
Andrew Borrok
Administrator
Verita Global
Court hearing date
08/07/2025
Exclusion deadline
07/07/2025
Objection deadline
07/07/2025
Trades matching type
FIFO

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Sea Ltd

Sea Limited, through its subsidiaries, operates as a consumer internet company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digi...

    Ticker
    SE.US
    ISIN
    US81141R1005
    CIK
    0001703399
    Sector
    Consumer Cyclical
    Industry
    Internet Retail
    Country
    USA
    Address
    1 Fusionopolis Place, Singapore, Singapore, 138522