DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Alibaba Group Holding Limited and Encourages Investors with Losses in Excess of $1,000,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national law firm specializing in shareholder rights, has issued a class action lawsuit against Alibaba Group Holding Limited (“Alibaba” or “the Company”) (NYSE: BABA) for violations of Sections 10 (b) and 20 ( a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between July 9, 2020 and December 23, 2020 (including the “Class Period”) are advised to contact the Company before January 12, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Alibaba held a 33% stake in Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Group”), which were planning an initial public offering (“IPO”) for October 2020. Alibaba did not announce it did not qualify for listing. Any upcoming changes in fintech regulations would seriously affect Ant Group. Ant Group’s IPO has likely been suspended. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Alibaba, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
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