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IN RE: ALIBABA GROUP HOLDING LTD. SECURITIES LITIGATION
Case Number:
1:20-cv-09568
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
-
November 13, 2020
Alibaba Hit With Investor Suit Over Ant Group's Frozen IPO
Alibaba was hit with an investor class action Friday accusing the e-commerce company of hiding business factors that led to Chinese regulators halting affiliated payment provider Ant Group's estimated $34 billion initial public offering and a subsequent drop in Alibaba's stock price.
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