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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.·
A class action lawsuit has been filed against Alibaba Group Holding Limited for allegedly making materially false statements and failing to disclose that the company was controlled by or affiliated with China's Ministry of Industry and Information Technology (MIIT), which classifies it as a Chinese military company under U.S. law. Additionally, the company allegedly engaged in unauthorized access to Anthropic's Claude AI model. The stock declined following these revelations in June 2026. Investors who purchased Alibaba securities between June 26, 2025 and June 24, 2026 have until October 5, 2026 to file a lead plaintiff motion.
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