RENN - Renren gains as judge orders $560M order of attachment against defendants

May, 24 2021 02:28 PM Renren Inc. American Depositary Shares each representing fifteen Class A

A New York judge has awarded an order of attachment for $560M against defendants in a Renren (RENN) lawsuit.Judge Andrew Borrok signed the order of attachment dated today and wrote in the order that the plaintiffs are likely to win on the merits.The lawsuit centers around a group of shareholders, including activist Oasis Management, who sued Renren to recover a stake alleging "gross foul play" in the deal.Developing story.

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Renren gains as judge orders $560M order of attachment against defendants

Company Name:	Renren Inc. American Depositary Shares each representing fifteen Class A
Stock Symbol:	RENN
Market:	NYSE

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