The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the KE Holdings Securities Litigation:
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
KEN CHIN, Individually and on Behalf of All Others Similarly Situated, |
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Civil Action No. 1:21-cv-11196-GHW-BCM |
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Plaintiff, |
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, AND MOTION FOR ATTORNEYS’ FEES AND EXPENSES |
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KE HOLDINGS INC., COLLEEN A. DE VRIES, GOLDMAN SACHS (ASIA) L.L.C., MORGAN STANELY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN SACHS & CO. LLC AND CHINA RENAISSANCE SECURITIES (US) INC., |
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TO: ALL PERSONS AND ENTITIES WHO OR WHICH PURCHASED OR OTHERWISE ACQUIRED KE HOLDINGS INC. (“KE HOLDINGS”) AMERICAN DEPOSITORY SHARES (“ADS”) BETWEEN NOVEMBER 19, 2020 AND MARCH 10, 2022, INCLUSIVE, OR TRACEABLE TO THE FOLLOW-ON OFFERING’S REGISTRATION STATEMENT (“SETTLEMENT CLASS”)
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Court-appointed Lead Plaintiff Saskatchewan Healthcare Employees’ Pension Plan, on behalf of itself and all members of the proposed Settlement Class, and KE Holdings and Colleen A. De Vries (the “KE Holdings Defendants”), and Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and China Renaissance Securities (US) Inc. (the “Underwriter Defendants” and, together with the KE Holdings Defendants, “Defendants”), have reached a proposed settlement of the claims in the above-captioned class action (the “Action”) in the amount of $4,950,000 (the “Settlement”).
A hearing will be held before the Honorable Gregory H. Woods on February 27, 2026, at 10:00 a.m., in Courtroom 12C of the United States District Court for the Southern District of New York, Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 (the “Settlement Hearing”) to determine whether the Court should: approve the proposed Settlement as fair, reasonable, and adequate; dismiss the Action with prejudice as provided in the Stipulation of Settlement, dated September 8, 2025; approve the proposed Plan of Allocation for distribution of the proceeds of the Settlement (the “Net Settlement Fund”) to Settlement Class Members; and approve Lead Counsel’s Fee and Expense Application. The Court may change the date of the Settlement Hearing without providing another notice. Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing, will be posted to the Settlement website, www.KEHoldingsSecuritiesSettlement.com. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. If you have not yet received a full Notice and Claim Form, you may obtain copies of these documents by visiting the website for the Settlement, www.KEHoldingsSecuritiesSettlement.com, or by contacting the Claims Administrator at:
KE Holdings Securities Settlement
c/o Verita Global
P.O. Box 301171
Los Angeles, CA 90030-1171
www.KEHoldingsSecuritiesSettlement.com
1-888-808-1457
Inquiries, other than requests for information about the status of a claim, may also be made to Lead Counsel:
Robbins Geller Rudman & Dowd LLP
Ellen Gusikoff Stewart
655 West Broadway, Suite 1900
San Diego, CA 92101
settlementinfo@rgrdlaw.com
1-800-449-4900
If you are a member of the Settlement Class, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked or submitted online no later than February 12, 2026. If you are a member of the Settlement Class and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable.
If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Notice so that it is received no later than February 6, 2026. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Net Settlement Fund.
Any objections to the proposed Settlement, Lead Counsel’s Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court, either by mail or in person, and be mailed to counsel for the Parties in accordance with the instructions in the Notice, such that they are received no later than February 6, 2026.
PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR DEFENDANTS’ COUNSEL REGARDING THIS NOTICE.
| DATED: October 24, 2025 | BY ORDER OF THE COURT: | |
| UNITED STATES DISTRICT COURT | ||
| SOUTHERN DISTRICT OF NEW YORK |
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Contacts
Media Contact:
Robbins Geller Rudman & Dowd LLP
Shareholder Relations Department
Greg Wood
(619) 231-1058
