Renren, the once high-flying Chinese social network turned start-up investor, has settled with US shareholders for $300m over allegations of corporate misconduct. Dissident investors had [accused the company](//www.ft.com/content/f95ae740-53b9-11e8-b3ee-41e0209208ec) of steering its best assets, including a stake worth hundreds of millions of dollars in the digital lender SoFi, towards Renren insiders including SoftBank. The settlement marks a rare victory in which shareholders of a US-listed, China-based company that had incorporated in the Cayman Islands were able to win compensation over corporate misconduct allegations. “This is an extraordinary result by any measure. It is very rare to settle a case for more…