Alibaba Group Holding Limited
Securities Class Action
Company Name: Alibaba Group Holding Limited (BABA)
Download ComplaintJune 26, 2025 - June 24, 2026
October 5, 2026|61 days left
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Allegations
On June 8, 2026, after market hours, the U.S. Department of Defense released an updated list identifying Chinese military companies. Alibaba was included in the list due to its direct or indirect control by or affiliation with the Chinese Ministry of Industry and Information Technology. On this news, Alibaba’s American Depositary Receipt (“ADR”) price fell $4.69 per ADR, or 39%, over two trading days, to close at $115.38 per ADR on June 10, 2026. Then, on June 24, 2026, media outlets reported that Anthropic has accused Alibaba using fraudulent accounts in a large-scale effort to gain illicit access to Anthropic’s Claude AI model, thereby undermining Anthropic’s decision to keep tis products out of China. On this news, Alibaba’s ADR price fell $7.53 per ADR, or 7.34%, over the following two trading sessions, to close at $95.07 per ADR on June 25, 2026.
Lead Plaintiff
If you have qualifying losses, you may be eligible to serve as Lead Plaintiff. Acting as a representative for all class members seeking recovery in the lawsuit, the Lead Plaintiff plays an important role in the litigation, including selecting a law firm to serve as Lead Counsel and approving the final settlement. There is no cost whatsoever to seek or participate as a Lead Plaintiff. The Lead Plaintiff may also receive a monetary award for their participation in the suit.
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