REID COLLINS SECURES COURT-APPROVED SETTLEMENT FOR FANG HOLDINGS AND ITS SHAREHOLDERS
February 10, 2026 – New York, NY — Reid Collins & Tsai LLP has secured court approval for a settlement resolving the Oasis Investments II Master Fund Ltd. v. Mo et al. shareholder derivative action on behalf of nominal defendant Fang Holdings Limited. The settlement, which was approved by the Supreme Court of the State of New York late Friday, provides significant monetary and non-monetary benefits to Fang and its minority shareholders through a combination of substantial cash consideration, the transfer of valuable equity interests, and significant corporate governance reforms.
Last week’s judgment fully approves the October 2025 Stipulation of Settlement, under which defendants agreed to pay $30 million in cash—distributed directly to Fang’s minority shareholders—and to transfer 20,471,063 shares of CIH Holdings Limited to Fang. The court also approved corporate governance reforms negotiated as part of the settlement, which are designed to ensure enhanced oversight and accountability going forward.
“We are thrilled to have achieved this meaningful result for our client and are grateful to the Court for approving the Stipulation of Settlement in its entirety,” said Aaron Brown, lead Reid Collins partner on the matter. “This well-deserved victory delivers immediate financial recovery to shareholders, significant assets to the Company, and stronger corporate governance protections for its future.”
The settlement approval follows more than two years of intensive litigation.
The Reid Collins & Tsai team is comprised of attorneys William T. Reid IV, Aaron Brown, Michael Yoder, Yonah Jaffe, Seth Roye, and Nathaniel J. Palmer, along with paralegals Mina Myers and Frances Lau.
Read the full text of the Final Order and Judgment.
Prior results do not guarantee a similar outcome.