Gardy & Notis, LLP is co-lead counsel for investors suing certain current and former directors and other insiders of Renren, Inc., aided and abetted by Duff & Phelps, for transferring Renren's investment portfolio to an entity controlled by Renren's CEO at a severely undervalued price.
On May 20, 2020, Justice Andrew Borrok of the Supreme Court of the State of New York, New York County, Commercial Division, issued a Decision and Order denying the motions filed by five different groups of Defendants seeking to dismiss the case.
The case is In re Renren, Inc. Derivative Litigation, Index No. 653594/2018, in the Supreme Court of the State of New York, New York County, Commercial Division.
NEWS
New York State Supreme Court upholds derivative claims against corporate insiders of Renren, Inc. under New York law and Cayman Islands law
February 07, 2021