Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Alibaba Group Holding Ltd (BABA) Class Action Lawsuit (November 2020)

Closed

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

Settlement Information

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]

Hearing Date

March 27, 2025

Opt-out Deadline

March 6, 2025

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Sep 9, 2026

Disbursement Approved

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

Final Approval of Settlement

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

Proof of Claim Form

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

Notice of Pendency

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

Class Certification Granted

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

Motion to Dismiss Granted

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

Motion to Dismiss

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

Scheduling Order

Apr 22, 2022

First Amended Complaint

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

Scheduling Order

Feb 10, 2022

Appointment of Lead Plaintiff

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

Scheduling Order

Jan 7, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Alibaba Group Holding Ltd. The allegations and class definitions are substantively the same.

Nov 17, 2020

Scheduling Order

Nov 13, 2020

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Alibaba Group Holding Ltd.

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