#None #Hagens Berman #Alibaba Group #Shareholder Class Action

Important Notice for Alibaba Investors

Overview

Investors in Alibaba Group Holding Limited (NYSE: BABA) are now facing a critical deadline to take action. Those who have experienced notable financial losses are strongly encouraged to engage in a class action lawsuit that has been initiated against the company. This lawsuit, brought forth by Hagens Berman Sobol Shapiro LLP, outlines allegations of securities fraud against Alibaba and several of its top executives.

Background of the Lawsuit

The legal proceedings, under the case title Wistisen v. Alibaba Group Holding Limited, stem from accusations that Alibaba misled investors regarding vital aspects of its business operations. The accusations include failure to disclose significant risks linked to regulatory exposure, especially concerning ties to the Chinese Ministry of Industry and Information Technology (MIIT).

Key Allegations

The lawsuit asserts that Alibaba and respective executives made misleading statements that affected the credibility of the company's standing. Among these significant allegations are:

• - Under the National Defense Authorization Act (NDAA), firms linked with the MIIT are classified as military entities.
• - Alibaba's oversight by or connection to the MIIT.
• - Acknowledged risks surrounding unauthorized access to third-party AI models, undermining public claims regarding cybersecurity protections.
• - Overall, statements about the company's business health were alleged to be grossly misleading.

Impact on Investors

Investors have faced substantial losses due to these misleading statements. The stock price of Alibaba witnessed considerable declines after the truth regarding its business practices was revealed. Notable drops occurred after reports indicated that the company was added to the Department of Defense's list of Chinese military companies and that it misused third-party AI models through fraudulent means.

Timing of Disclosures

1. June 8, 2026: Alibaba’s shares fell sharply after being named on a military list, dropping $4.69 per share.
2. June 24, 2026: Following revelations of fraudulent activities related to AI access, the stock experienced another decline of $4.73 per share.

These developments underscored the significant financial repercussions faced by investors as artificial inflation was removed from the stock following the revelations.

How Affected Investors Can Respond

If you purchased Alibaba securities within the period from June 26, 2025, to June 24, 2026, and have incurred major losses, you must act before October 5, 2026, to be considered for the lead plaintiff role in the lawsuit, although this step is not necessary to receive any potential recovery. For more details on your legal options, please reach out to Hagens Berman or visit their dedicated portal at www.hbsslaw.com/cases/alibaba.

Whistleblower Information

Investors or individuals with non-public insights about these matters may qualify for the SEC Whistleblower program, potentially entitling them to rewards based on successful recoveries derived from the lawsuit.

About Hagens Berman

Hagens Berman is a firm championing the rights of investors, promoting accountability in corporate practices. They support various cases that seek justice for those wronged by corporate malfeasance and have secured over $2.9 billion in settlements on behalf of clients to date. For continuous updates about this case and others, you can follow them at @ClassActionLaw.

As the deadline approaches, investors are encouraged to stay informed and take the necessary steps to safeguard their interests.