Dong v. Cloopen Group Holding Limited — Entry #134: JOINT LETTER addressed to Judge John G
Case: Dong v. Cloopen Group Holding Limited nysd · 1:21-cv-10610
filed December 10, 2021
What this document is
Docket entry #134 · filed June 06, 2023
JOINT LETTER addressed to Judge John G. Koeltl from Sheryl Shapiro Bassin dated June 6, 2023 re: respectfully informing the Court that the parties have reached an agreement-in-principle to jointly settle this securities class action and the parallel state court action. Document filed by Cloopen Group Holding Limited, Yipeng Li, Cheng Luo, Changxun Sun, Xiegang Xiong..(Bassin, Sheryl) (Entered: 06/06/2023)
Who is involved
- Boyan Dong
- Changxun Sun
- Cheng Luo
- China International Capital Corporation Hong Kong Securities Limited
- Ching Chiu
- Citigroup Global Markets Inc.
- Cloopen Group Holding Limited
- Cogency Global Inc.
- Colleen A. Devries
- Danhua Chen
- Feng Zhu
- Futu Inc.
- Goldman Sachs (ASIA) L.L.C.
- Guozhang Wang
- Ivan Kam
- Jianhong Zhou
- Kui Zhou
- Lok Yan Hui
- Ming Liao
- Paul Wai Hung Cheuk
- Qingsheng Zheng
- Ruoshui Sun
- The RAAS Investor Group
- Tiger Brokers (NZ) Limited
- Xiaodong Liang
- Xiegang Xiong
- Yee Sze Chan
- Yipeng Li
- Yuan Wang
- Yunhao Liu
- Zhiqin Li
- Zi Yang
Why we have it
We follow this case because it names a company we track, although that company is not a party:
- Marathon Digital: its former name “Marathon Patent Group, Inc.” appears in a filing in this case.
…pleading requirements (see Feinberg v Marathon Patent Group Inc., 193 AD3d 568, 570-571 [1st…
A free copy from the RECAP archive of federal court filings (mirrored at the Internet Archive), retrieved November 02, 2026. Federal court filings are public records.
Document text
3 page(s), 8,000 characters, converted from the PDF's text layer · plain text.
Full text
Case 1:21-cv-10610-JGK-RWL Document 134 Filed 06/06/23 Page 1 of 3
Wilson Sonsini Goodrich & Rosati
Professional Corporation
1301 Avenue of the Americas
40th Floor
New York, New York 10019-6022
O: 212.999.5800
F: 212.999.5899
June 6, 2023
VIA CM/ECF
The Honorable John G. Koeltl
United States District Judge
Southern District of New York
500 Pearl Street
New York, New York 10007
Re: Dong v. Cloopen Group Holding Limited et al.,
No. 1:21-cv-10610-JGK-RWL
Dear Judge Koeltl:
We are counsel for Lead Plaintiff and Defendants in the above-referenced action. We
write to inform the Court that the parties have reached an agreement-in-principle to jointly settle
this securities class action and the parallel state court action, Sonny St. John v. Cloopen Group
Holding Limited et al., Index No. 652617/2021 (N.Y. Sup. Ct., N.Y. Cnty.) (the “State Action”).
We also write to inform the Court that the parties plan to seek approval of the joint settlement
from the court in the parallel State Action, without further burdening this Court.
The parties therefore respectfully request that the Court adjourn all deadlines in this
action while the parties work to finalize the settlement documentation. The parties hope to be in
a position to finalize and file the preliminary settlement approval and notice documents in the
State Action within forty-five (45) days. Unless otherwise directed, the parties will provide this
Court with status reports regarding the progress of the settlement approval process in the State
Action every sixty days (60) or sooner as relevant Orders are entered in the State Action.
The parties are available at the Court’s convenience if the Court has any questions.
Respectfully submitted,
BERGER MONTAGUE PC WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
s/ Michael Dell’Angelo s/ Sheryl Shapiro Bassin
Michael Dell’Angelo Sheryl Shapiro Bassin
Andrew D. Abramowitz 1301 Avenue of the Americas, 40th Floor
1818 Market Street, Suite 3500 New York, New York 10019
Philadelphia, Pennsylvania 19103 Telephone: (212) 999-5800
Telephone: (215) 875-3000 Facsimile: (866) 974-7329
Email: mdellangelo@bm.net Email: sbassin@wsgr.com
Email: aabramowitz@bm.net
Counsel for Lead Plaintiff Guozhang Wang
and the Federal Class
AUSTIN BEIJING BOSTON BOULDER BRUSSELS HONG KONG LONDON LOS ANGELES NEW YORK PALO ALTO
SALT LAKE CITY SAN DIEGO SAN FRANCISCO SEATTLE SHANGHAI WASHINGTON, DC WILMINGTON, DE
Case 1:21-cv-10610-JGK-RWL Document 134 Filed 06/06/23 Page 2 of 3
The Honorable John G. Koeltl
June 6, 2023
Page 2 of 3
KIRBY McINERNEY LLP Ignacio E. Salceda (admitted pro hac vice)
650 Page Mill Road
s/ Thomas W. Elrod Palo Alto, California 94304
Thomas W. Elrod Telephone: (650) 493-9300
Ira M. Press Facsimile: (866) 974-7329
250 Park Avenue, Suite 820 Email: ISalceda@wsgr.com
New York, New York 10177
Telephone: (212) 371-6600 Counsel for Defendants Cloopen Group Holding
Email: telrod@kmllp.com Limited, Changxun Sun, Yipeng Li, Xiegang
Email: ipress@kmllp.com Xiong, and Cheng Luo
Counsel for Lead Plaintiff Guozhang Wang WILLKIE FARR & GALLAGHER LLP
and the Federal Class
s/ Charles D. Cording
Todd G. Cosenza
Charles D. Cording
787 Seventh Avenue
New York, New York 10019
Telephone: (212) 728-8000
Facsimile: (212) 728-8111
Email: ccording@willkie.com
Email: tcosenza@willkie.com
Counsel for Defendants Goldman Sachs (Asia)
L.L.C., Citigroup Global Markets Inc., China
International Capital Corporation Hong Kong
Securities Limited, Tiger Brokers (NZ) Limited,
and Futu Inc. (n/k/a Moomoo Financial Inc.)
K&L GATES LLP
s/ Joanna A. Diakos
Joanna A. Diakos
599 Lexington Avenue
New York, New York 10022
Telephone: (212) 536-3900
Facsimile: (212) 536-3901
Email: joanna.diakoskordalis@klgates.com
Counsel for Defendants Cogency Global Inc.
and Colleen A. De Vries
Case 1:21-cv-10610-JGK-RWL Document 134 Filed 06/06/23 Page 3 of 3
The Honorable John G. Koeltl
June 6, 2023
Page 3 of 3
MORRISON & FOERSTER LLP
s/ Haimavathi V. Marlier
Timothy W. Blakely
Edinburgh Tower,
33/F The Landmark,
15 Queen’s Road Central
Hong Kong
Telephone: +852 2585-0870
Facsimile: +852 2585-0800
Email: TBlakely@mofo.com
Haimavathi V. Marlier
250 West 55th Street
New York, New York 10019
Telephone: (212) 468-8000
Facsimile: (212) 468-7900
Email: HMarlier@mofo.com
Counsel for Defendants Kui Zhou and
Qingsheng Zheng
cc: All Counsel of Record (via CM/ECF)