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Christine Asia Co. Ltd. v. Ma
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December 05, 2017
2nd Circ. Revives Alibaba Securities Class Action Over IPO
The Second Circuit on Tuesday reinstated a putative securities class action against Alibaba Group Holding Ltd. and several executives after finding that a lower court judge improperly dismissed the suit tied to the company's $25 billion initial public offering.
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May 10, 2017
Investors Ask 2nd Circ. To Renew Alibaba IPO Class Action
A group of investors asked the Second Circuit to resuscitate their proposed securities class action against Alibaba, arguing Wednesday the district court should not have disregarded reports the e-commerce giant was secretly threatened by Chinese regulators with huge fines just before its initial public offering.