| COMPANY |
Alibaba Group Holding Limited |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
20-cv-09568 |
| JUDGE |
The Honorable George B. Daniels |
| CLASS PERIOD |
October 21, 2020 - November 3, 2020 |
| SECURITY TYPE |
Securities |
Case Background:
This is a federal securities fraud class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba”) American Depositary Shares (“ADS”) between November 13, 2019 and December 23, 2020, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the Defendants failed to disclose to investors that: (1) Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) as a result of the foregoing, the defendants’ positive statements about Alibaba’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On March 27, 2025, the Court entered its Order granting the Motion for Final Approval of the Class Action Settlement. This action has concluded.
Please be advised that the deadline to file a claim was March 26, 2025. You may find additional information regarding the terms of the settlement and claim filing process at https://alibabaclassactionsettlement.com/ or by contacting the claims administrator, A.B. Data, Ltd. at 1-877-869-0223.
f you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.