1:20cv9568 • November 13, 2020
Class Period Start
November 12, 2019
Class Period End
March 23, 2021
PSLRA Deadline
January 12, 2021
Case Allegations
10b5
Statutes of Repose
Nov 12, 2022
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
March 26, 2025
Settlement Fund
$433,500,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired Alibaba Group Holding Limited American Depositary Shares during the period November 13, 2019 through December 23, 2020, inclusive.
Claim Administrator
A.B. Data, Ltd.
P.O. Box 173006
Milwaukee, WI 53217
+1 877-869-0223
[email protected]
Settlement Website
https://alibabaclassactionsettlement.com/home/Hearing Date
March 27, 2025
Opt-out Deadline
March 6, 2025
Settlement Note
Download hereProof Of Claim
Download here
Sep 9, 2026
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Mar 27, 2025
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Feb 20, 2025
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
Nov 26, 2024
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Nov 26, 2024
Oct 28, 2024
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Oct 25, 2024
Motion for Preliminary Approval of Settlement
The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.
Jan 24, 2024
The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).
Oct 6, 2023
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Mar 22, 2023
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Jul 21, 2022
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
May 9, 2022
Apr 22, 2022
A new complaint has been filed on behalf of certain investors in Alibaba Group Holding Ltd. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Feb 15, 2022
Feb 10, 2022
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Mar 3, 2021
Jan 7, 2021
Another plaintiff has filed a complaint on behalf of investors in Alibaba Group Holding Ltd. The allegations and class definitions are substantively the same.
Dec 4, 2020
Nov 17, 2020
Nov 13, 2020
A securities fraud class action complaint has been filed on behalf of certain investors in Alibaba Group Holding Ltd.
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