ALIBABA INVESTIGATION: Labaton Sucharow Announces New Investigation of Alibaba (NYSE: BABA) on Antitrust Probe and Strongly Encourages Investors with Losses to Contact the Firm
NEW YORK--(BUSINESS WIRE)--Dec 24, 2020--
Labaton Sucharow LLP, a nationally ranked and award-winning investor rights law firm, announces it is developing a proprietary investigation concerning potential securities claims on behalf of shareholders of Alibaba (NYSE: BABA) resulting from allegations that Alibaba may have issued materially misleading business information to the investing public.
On December 24, 2020, shares of Alibaba fell as reports surfaced that the Chinese government is conducting an anti-monopoly probe into the tech giant. China’s State Administration for Market Regulation said through official online channels it has opened an investigation into Alibaba over monopolistic practices. The primary issue named was a practice that forces merchants to choose one of two platforms, rather than being able to work with both. On this news, Alibaba is down over 13% on extraordinary volume.
If you are a shareholder or option holder that suffered losses in Alibaba, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at email@example.com
About the Firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201224005210/en/
CONTACT: David J. Schwartz
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Labaton Sucharow LLP
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PUB: 12/24/2020 02:20 PM/DISC: 12/24/2020 02:20 PM