Levi & Korsinsky announces that a class action lawsuit has been
commenced in the USDC for the Southern District of New York on behalf of
investors who purchased Alibaba Group Holding Limited (“Alibaba” or the
“Company”) (Nasdaq: BABA) American Depositary Shares (“ADSs”) between
October 21, 2014 and January 28, 2015.
To get more information, click here: http://zlk.9nl.com/alibaba-group-baba.
There is no cost or obligation to you.
The complaint alleges that, among other allegations, during the Class
Period defendants failed to disclose that Company executives had met
with China’s State Administration of Industry and Commerce (“SAIC”) in
July 2014, just two months before the Company’s Initial Public Offering,
and that during the IPO Alibaba and certain “selling
shareholders”—including two of its co-founders—sold more than 368
million ADSs at $68 each.
If you suffered a loss in Alibaba you have until March 31, 2015 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/alibaba-group-baba.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30
Broad Street - 24th Floor
New York, NY 10004
Tel: (212)
363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Copyright Business Wire 2015