( April 9, 2025, 8:57 AM EDT) -- NEW YORK — A federal judge in New York has granted final approval of a $433.5 million settlement to end a securities fraud class action brought by investors against a Cayman Islands corporation headquartered in Hangzhou, China, and current and former executives for allegedly violating federal securities laws by making misrepresentations regarding the initial public offering of another company in which the defendant company owned a 33% equity interest and not disclosing material facts surrounding an investigation by Chinese regulators into allegedly illegal merchant exclusivity practices....