Pomerantz Secures Preliminary Approval for $433.5 Million Settlement in Alibaba Class Action

Pomerantz, representing class plaintiffs in securities litigation against Alibaba Group, achieved preliminary approval of a $433.5 million settlement for investors on October 28, 2024. This is the 21st-largest securities class action settlement in the Southern District of New York and ranks among the top 50 largest in the U.S. since the Private Securities Litigation Reform Act was enacted in 1995.

Pomerantz LLP secured a $29.75 million settlement on behalf of investors in Qihoo 360 Technology Co. Ltd.

Pomerantz LLP secured a $29.75 million settlement on behalf of investors in the Chinese Internet security company, Qihoo 360 Technology Co. Ltd. (Qihoo). The United States District Court for the Southern District of New York granted final approval to the settlement on August 1, 2024.