Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased and/or Otherwise Acquired the American Depositary Shares of VNET Group, Inc. (VNET)

A proposed class action settlement of $5.875 million has been approved by the U.S. District Court for the Southern District of New York on behalf of shareholders who purchased VNET Group, Inc. American Depositary Shares between March 23, 2022 and February 17, 2023. A settlement hearing is scheduled for August 27, 2026, to determine approval of the settlement, plan of allocation, and attorneys' fees.