SAN FRANCISCO, Sept. 26, 2026 (GLOBE NEWSWIRE) — Hagens Berman Sobol Shapiro LLP urges Alibaba Group Holding Limited (NYSE: BABA)<\/strong> investors who suffered substantial losses submit their losses now<\/strong><\/strong><\/a>.<\/p>\n A securities fraud class action lawsuit has been filed against Alibaba, and investors are encouraged to contact the firm regarding potential recoveries and lead plaintiff rights. The case, captioned\u00a0Wistisen v. Alibaba Group Holding Limited, et al.<\/em>, No. 1:26-cv-06654 (S.D.N.Y.), accuses Alibaba and certain of its executive officers of violating the Securities Exchange Act of 1934.<\/p>\n Class Period: <\/strong>June 26, 2025 \u2013 June 24, 2026 Video:<\/strong> www.youtube.com\/watch?v=Mt00-HjZs8U<\/strong><\/a> Core Allegations<\/strong><\/p>\n The lawsuit alleges that Alibaba and certain executives misrepresented and failed to disclose adverse facts pertaining to the Company\u2019s business which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that:<\/p>\n The Truth Emerges<\/strong><\/p>\n The truth regarding Alibaba\u2019s regulatory exposure and illicit business practices was revealed through a series of partial corrective disclosures:<\/p>\n The complaint alleges that as a result of Defendants’ misleading statements and omissions, investors suffered substantial losses when the artificial inflation was removed from the stock.<\/p>\n Hagens Berman\u2019s Investigation<\/strong><\/p>\n Read Hagens Berman’s detailed analysis on the alleged AI securities fraud by Alibaba, including claims that the company misled shareholders<\/strong><\/a> about its artificial intelligence capabilities while secretly conducting a massive industrial espionage campaign to close the gap.<\/p>\n \u201cWe are investigating whether Alibaba executives intentionally concealed the company\u2019s regulatory ties and engaged in fraudulent operational practices to mislead the market about its true risk profile and competitive position,\u201d said Reed Kathrein<\/strong><\/a>, the Hagens Berman partner leading the firm\u2019s investigation of the alleged claims in the pending suit.<\/p>\n What Affected BABA Investors Should Do<\/strong> To learn more about your legal options, submit your information to Hagens Berman<\/a>, visit www.hbsslaw.com\/baba<\/a>, call Reed Kathrein at 844-916-0895<\/strong>, or email BABA@hbsslaw.com<\/strong><\/a>.<\/p>\n Whistleblowers: <\/strong>Persons with non-public information regarding Alibaba should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email BABA@hbsslaw.com<\/strong><\/a>.<\/p>\n About Hagens Berman<\/strong><\/a> Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.<\/p>\n Contact:\u00a0Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, <\/strong>BABA@hbsslaw.com<\/a><\/p>\n
Lead Plaintiff Deadline: <\/strong>Oct. 5, 2026
Visit:<\/strong> www.hbsslaw.com\/baba<\/a>
Contact the Firm Now: <\/strong>BABA@hbsslaw.com<\/a>
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Blog: <\/strong>www.hbsslaw.com\/blog\/alibabas-alleged-ai-securities-fraud<\/u><\/strong><\/a><\/p>\n\n
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If you purchased or acquired Alibaba securities between June 26, 2025, and June 24, 2026<\/strong>, and suffered significant financial losses, you have until October 5, 2026<\/strong>, to ask the court to appoint you as lead plaintiff. You do not need to seek lead plaintiff status to share in any potential recovery.<\/p>\n
Hagens Berman is a global plaintiffs\u2019 rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.\u00a0<\/p>\n