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Deadline Alert: Alibaba Group Holding Limited (BABA) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
GlobeNewswire Inc.·
Alibaba Group Holding Limited faces a class action securities fraud lawsuit covering the period from June 26, 2025 to June 24, 2026. The lawsuit alleges the company failed to disclose its control by or affiliation with China's Ministry of Industry and Information Technology (MIIT), which classified it as a Chinese military company under the National Defense Authorization Act. Additionally, Anthropic accused Alibaba of illicitly accessing its Claude AI model through fraudulent accounts. These revelations caused Alibaba's stock to drop approximately 3.9% on June 10, 2026, and an additional 2.7% on June 24, 2026. The deadline to file a lead plaintiff motion is October 5, 2026.
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