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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Alibaba Group Holding Limited of Class Action Lawsuit and Upcoming Deadlines – BABA
GlobeNewswire Inc.·
Pomerantz Law Firm has filed a class action lawsuit against Alibaba Group Holding Limited, alleging securities fraud and unlawful business practices. The lawsuit follows two major negative events: Alibaba's inclusion on the U.S. Department of Defense's list of Chinese military companies (causing a 39% stock price drop on June 10, 2026), and accusations from Anthropic that Alibaba used fraudulent accounts to gain unauthorized access to its Claude AI model (causing a 7.34% price decline on June 25, 2026). Investors have until October 5, 2026, to request Lead Plaintiff status.
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