SEC Drops Inquiry Into Alibaba Counterfeit Claims

Law360, New York (October 27, 2015, 1:52 PM EDT) -- The U.S. Securities and Exchange Commission has decided not to begin an enforcement action against Alibaba Group Holding Ltd. after concluding an inquiry into a Chinese regulator's report that the e-commerce giant had allowed counterfeits on its sites, Alibaba announced Tuesday.

Alibaba announced in a Form 6-K filed with the SEC that the agency had concluded an inquiry into reports issued by China’s State Administration for Industry and Commerce, at least one of which has since been taken down, that suggested the company allowed fakes to...
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