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Lead Lawsuit Against Alibaba Group Holding Limited: Investors Step Forward

In a landmark development for investors, Robbins Geller Rudman & Dowd LLP has opened the doors for those who have suffered substantial losses due to investments in Alibaba Group Holding Limited (NYSE: BABA). Individuals who acquired Alibaba's publicly traded securities during the period from June 26, 2025, to June 24, 2026, can file to become lead plaintiffs in a proposed class-action lawsuit. The deadline for this application is set for October 5, 2026.

Background of the Case

The class-action lawsuit, filed under the case name Wistisen v. Alibaba Group Holding Limited in the Southern District of New York, highlights significant allegations against Alibaba's management, including its Chief Executive Officer. The complaints primarily revolve around violations of the Securities Exchange Act of 1934.

The allegations suggest that during the designated period, Alibaba and its executives made misleading statements and failed to disclose critical information regarding the company's affiliations with entities tied to the Chinese military, as per the U.S. Department of Defense's classifications. It was purported that Alibaba's connections with the Chinese Ministry of Industry and Information Technology rendered it susceptible to regulatory scrutiny.

Claims of Misrepresentation

According to the lawsuit, the defendants did not adequately inform investors that:

• - Alibaba was under the control or influence of a Chinese military company, as outlined by the National Defense Authorization Act.
• - Ongoing risks were not merely speculative but impacted Alibaba's reputation and business operations.
• - Following revelations from the U.S. Department of Defense on June 8, 2026, which named Alibaba among Chinese military entities, the company's stock price reportedly fell nearly 4%.

Moreover, on June 24, 2026, a significant article was published by Bloomberg, accusing Alibaba of leveraging unauthorized AI models from U.S. entities. This news catalyzed further declines in Alibaba’s stock price, which dropped by 2.7% that day and continued to plummet the next, highlighting the swift consequences of the allegations on investor confidence.

The Role of Lead Plaintiffs

The Private Securities Litigation Reform Act of 1995 allows any investor who has purchased Alibaba's publicly traded securities within the specified time frame to step forward as a lead plaintiff. This role is crucial as the lead plaintiff will act on behalf of other investors, guiding the class-action lawsuit and influencing its direction. Importantly, participation as a lead plaintiff does not determine an investor's eligibility for any future recoveries that may arise from the case.

Robbins Geller, a firm recognized for its success in securities fraud cases, encourages all affected investors to consider their involvement. With a track record of recovering billions for investors, the legal team at Robbins Geller is well-equipped to represent their interests successfully.

Investors wishing to participate can reach out for further assistance by contacting specialized attorneys Ken Dolitsky or Michael Albert at Robbins Geller.

About Robbins Geller Rudman & Dowd LLP

As one of the leading firms in the realm of securities fraud litigation, Robbins Geller has represented countless investors successfully, securing more than $916 million in recoveries in 2025 alone. The firm's reputation and experience make it a notable player in this unfolding legal battle, reinforcing the importance of investor advocacy and awareness in seeking justice for financial losses.

For further details about the lawsuit or to inquire about participating, potential lead plaintiffs are encouraged to visit the firm’s dedicated webpage. This step marks a significant opportunity for investors to stand up for their rights and potentially recover losses due to alleged fraudulent activities by one of the largest e-commerce companies globally.

In conclusion, if you are an investor affected during the class period, now is the time to take action. Ensure your voice is heard and contribute to holding corporations accountable for their conduct in the financial markets.