The United States District Court for the Southern District of New York has approved a proposed class action settlement valued at $19.97 million for investors who purchased American Depositary Shares of VEON Ltd. during the period spanning June 30, 2011, through November 3, 2015. The settlement resolves claims related to the company's securities during this timeframe.
Investors eligible to participate in the settlement must submit claim forms by April 28, 2026, to receive distributions from the settlement fund. A final approval hearing is scheduled for May 19, 2026, where the court will determine whether to grant final authorization of the settlement agreement. Class members are advised to monitor filing deadlines to ensure their eligibility for compensation.
The settlement provides a resolution to the litigation without admission of wrongdoing by the defendants. Investors who believe they qualify as class members are encouraged to review settlement documentation and submit required claim forms within the specified timeframe.