Sea Limited 2023 Securities Litigation
Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases
This settlement is closed to new claims — the deadline was June 23, 2025. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
Sea Limited and its executives issued materially false and misleading statements about the Company's Garena (digital entertainment) and Shoppe (e-commerce) business segments during the class period. The defendants deny all allegations, but agreed to settle the case for $46 million.
Do you qualify?
Anyone who purchased or acquired Sea Limited's publicly-traded American Depositary Shares (ADSs) between November 15, 2022 and August 14, 2023 (inclusive). Excluded are defendants, company officers and directors, their families, and those who validly request exclusion.
How to file
Submit a Proof of Claim form by June 23, 2025 (postmarked or received online). The form is available on the website. You must provide documentation of your ADS purchases to qualify for payment.
Common questions
- How much does the Sea Limited 2023 Securities Litigation pay?
- The total settlement fund is $46M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- What is the claim deadline for the Sea Limited 2023 Securities Litigation?
- This settlement is closed to new claims — the deadline was June 23, 2025. Once a claim deadline passes you generally forfeit your share, even if you qualified.
- Do I need proof of purchase for the Sea Limited 2023 Securities Litigation?
- Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
- Is the Sea Limited 2023 Securities Litigation notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at sealimited2023securitieslitigation.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the Sea Limited 2023 Securities Litigation be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for July 1, 2025; no payments can be issued before a settlement receives final approval.
Who's involved
Plaintiffs
- Ubaydullo Mirvaydulloev(Consol Plaintiff)
- Laborers District Council Construction Industry Pension Fund
- Yahya Muraweh
Defendants
- David Jingye Chen
- Gang Ye
- Yanjun Wang
- Tony Tianyu Hou
- Forrest Xiaodong Li
- Sea Limited
Counsel for plaintiffs
- Theodore J PintarRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Evelyn Sanchez GonzalezRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Jessica E RobertsonRobbins Geller Rudman & Dowd LLP - San Diego, CA
- J Alexander Hood , IIPomerantz LLP
- Hart Lawrence RobinovitchZimmerman Reed PLLP - Scottsdale, AZ
- Tor GronborgRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Timothy AB FolkerthRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Shawn A WilliamsRobbins Geller Rudman & Dowd LLP - San Francisco, CA
- Michael AlbertRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Marco JanoskiRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Juan Carlos SanchezRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Danielle S MyersRobbins Geller Rudman & Dowd LLP - San Diego, CA
- Jeremy A LiebermanPomerantz LLP
- Gary A GottoKeller Rohrback LLP - Phoenix, AZ
Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.
In the news
- Better International E-Commerce Stock: MercadoLibre vs. Sea LimitedBiztoc.com · August 30, 2026
- What Investors Should Know About Sea Limited COO Gang Ye Selling 50,000 Shares for $5.9 MillionBiztoc.com · August 19, 2026
- Value Investing Legend Howard Marks Is Buying This Stock Down 30%. Should You Buy?Biztoc.com · August 18, 2026
- Should Sea Limited Investors Bail After COO Gang Ye Unloaded 40,000 Shares for $4.5 Million?Yahoo Entertainment · July 14, 2026
Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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