{"id":411840,"date":"2021-01-11T08:03:14","date_gmt":"2021-01-11T13:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411840"},"modified":"2021-01-11T08:03:14","modified_gmt":"2021-01-11T13:03:14","slug":"alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\/","title":{"rendered":"Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <em>Investors with losses are encouraged to contact the firm before January 12, 2021; click <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mOmE_xi7Gz2BPxBvLE3zvDRov0L79m25rCQCXcNSDuawhZeTrxnUNQ6V0wGU1MWmE8lqScRQoxVZQaULGLuAzQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <em><br \/>\n            <u>here<\/u><br \/>\n          <\/em><br \/>\n        <\/a><br \/>\n        <em> to submit trade information<\/em><br \/>\n        \n      <\/p>\n<p>LOS ANGELES, Jan.  11, 2021  (GLOBE NEWSWIRE) &#8212; <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bo6gh6nEBn5gvmDO2kxqfWI_7DyCtme8E3GBhB71JiEiHuO-0m7Ea9ukk85-KAMAYdIoiGhFkmRdDOHzBwVfn-h-d5Wid3MjYuWFtbJpcLA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The Portnoy Law Firm<\/a><\/u> advises investors that a class action lawsuit has been filed on behalf of Alibaba Group Holding Limited (NYSE: BABA) investors that acquired shares between July 9, 2020 and December 23, 2020. Investors have until January 12, 2021 to seek an active role in this litigation.<\/p>\n<p>Investors are encouraged to contact attorney <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ruxwpzVtI-IN5OQNMoyDqoL91OknpbizRrxvI8-NrAc15EV5UakF7PBpZ1Lv8ffWcyx9ZVQyS_JZStIRnJy-88BQdxjUwR64IJkCBMlpatI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Lesley F. Portnoy<\/u><\/a>, to determine eligibility to participate in this action, by phone 310-692-8883 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LspxhSseJcXsM4ngxK4jCdSXaQPUKGDD0QuZ_7n3mzS7OZYTKGgCpD7cOpCEu83qtyTL6sxDgK8RXLAqOxrRkcC01USp4CRx2djqv-Lpxbg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>email<\/u><\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YYAUnzY1nhkUGis3OLW5_mtJfi0JW8yLv_6PWMdfqAcwcMfm-812lZS1IdGwrRFBQ37osgIw97uaRKvJLjBr8Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>click here<\/u><\/a> to join the case.<\/p>\n<p>The investigation focuses on whether the Company issued false and\/or misleading statements and\/or failed to disclose information pertinent to investors concerning Ant Group. Ant Group, the Hangzhou-based company, a 2010 offshoot of e-commerce giant Alibaba, dominates China\u2019s payments market via the Alipay app. It also runs the giant Yu\u2019ebao money market fund and two of the country\u2019s largest consumer lending platforms. Other businesses include a credit scoring unit and an insurance marketplace.<\/p>\n<p>On or about October 26, 2020, Ant Group priced its initial public offering (&#8220;IPO&#8221;) to list its shares on the Shanghai and Hong Kong stock exchanges. The IPO was set to raise $34.5 billion.<\/p>\n<p>On November 3, 2020, Ant Group&#8217;s IPO was suspended following a meeting between its controller Jack Ma, executive chairman Eric Jing, Chief Executive Officer Simon Hu and regulatory authorities in China. According to the Shanghai Stock Exchange, Ant Group had &#8220;reported significant issues such as the changes in financial technology regulatory environment,&#8221; which &#8220;may result in [the] company not meeting the conditions for listing or meeting the information disclosure requirements.&#8221;<\/p>\n<p>On this news, Alibaba&#8217;s share price fell sharply during intraday trading on November 3, 2020.<\/p>\n<p>A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2021.<\/p>\n<p>Please visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-VVzE8kmSTNJCsM6RoIu7OcC7NL0aBCxqhOt48-FqVtIFcIYs__eICDP2sHsushpQedFJk1FDWfz8RWm9V3EJQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>website<\/u><\/a> to review more information and submit your transaction information.<\/p>\n<p>The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm\u2019s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>Lesley F. Portnoy, Esq.<br \/>Admitted CA and NY Bar<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Dk4TYPZt8UQ5RctkFroeQ1eYJM-ZzRadgm4PCB6gC54053aSTHQOurQ-tsalIwWAYgriXx4aGpVYOgVnrVDy79vRZot0HJV67yKqRsgqZkE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>lesley@portnoylaw.com<\/u><\/a><br \/>310-692-8883<br \/>www.portnoylaw.com<\/p>\n<p>Attorney Advertising<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzA5NiMzOTExMzYwIzIxOTU1Mjc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e1a5c761-ce33-458a-a881-0e8f064b4e39\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors with losses are encouraged to contact the firm before January 12, 2021; click here to submit trade information LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Alibaba Group Holding Limited (NYSE: BABA) investors that acquired shares between July 9, 2020 and December 23, 2020. Investors have until January 12, 2021 to seek an active role in this litigation. Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. The investigation focuses on whether the Company issued false and\/or misleading statements and\/or failed to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411840","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investors with losses are encouraged to contact the firm before January 12, 2021; click here to submit trade information LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Alibaba Group Holding Limited (NYSE: BABA) investors that acquired shares between July 9, 2020 and December 23, 2020. Investors have until January 12, 2021 to seek an active role in this litigation. Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. The investigation focuses on whether the Company issued false and\/or misleading statements and\/or failed to &hellip; Continue reading &quot;Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T13:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzA5NiMzOTExMzYwIzIxOTU1Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alibaba-group-holding-limited-investors-last-days-to-participate-actively-in-the-class-action-lawsuit-portnoy-law-firm-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; 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