Alibaba Shareholder Class Actions Consolidated In SDNY

By Benjamin Horney (June 10, 2015, 4:33 PM EDT) -- The U.S. Judicial Panel on Multidistrict Litigation on Tuesday said it would consolidate in New York six putative shareholder class actions alleging Alibaba Group Holding Ltd. made false public statements in the run-up to its mammoth $25 billion initial public offering in September, paving the way for pretrial proceedings to begin....

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