Mealey's (October 15, 2021, 9:24 AM EDT) -- NEW YORK — Defendants in a shareholder derivative action brought on behalf of a Chinese social media technology and venture capital firm will pay at least $300 million to settle claims that they breached their fiduciary duty or aided in the alleged breach through their involvement in a scheme to improperly spin off the company’s venture capital business to the detriment of the company’s shareholders, according to a stipulation of settlement filed Oct. 7 in New York state court....