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Ryde Group Ltd disclosed two legal proceedings
RYDERyde Group Ltd
Ryde Group Ltd disclosed two legal proceedings. In the Cayman Islands, a shareholder petition seeks fair value for remaining shares or company winding up over governance and share issuance disputes; directors remain in control with no operational impact. Separately, a putative US securities class action was filed in the Southern District of New York for purchasers between March 6, 2024, and September 11, 2024, with a lead plaintiff deadline of November 9, 2026. The company intends to actively defend these actions. Ryde Group Ltd operates as a mobility technology platform providing on-demand carpooling, private hire, taxi, and delivery services.