Alibaba Agrees To $433.5M Deal In Nearly 4-Year Investor Suit

By Rae Ann Varona · October 25, 2024, 11:27 PM EDT

Alibaba Group has agreed to shell out $433.5 million to resolve a proposed class of investors' allegations it made misstatements about its exclusivity practices and the planned $34 billion initial public...

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Case Information

Case Title

IN RE: ALIBABA GROUP HOLDING LTD. SECURITIES LITIGATION

Case Number

1:20-cv-09568

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

November 13, 2020