LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces it is investigating claims against Alibaba Group Holdings Limited (“Alibaba Group” or the “Company”) (NYSE: BABA) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Alibaba Group were false and misleading and/or failed to disclose material information regarding the Company’s financial performance.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, the investigation will focus on the Company’s May 24, 2016, SEC Form 20-F, which announced that the SEC had requested information relating to "consolidation policies and practices (including [the Company's] accounting for Cainiao Network as an equity method investee)" and "policies and practices applicable to related party transactions in general, and [the Company's] reporting of operating data from Singles Day" (a popular online shopping holiday in China).
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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