- A securities class action was filed against Alibaba in the Southern District of New York.
A securities class action against Alibaba (BABA) alleges the company failed to disclose its classification as a Chinese military company under the FY2025 NDAA and engaged in unauthorized distillation of a US AI model. Lead plaintiff motions must be filed by October 5, 2026. BABA ADS fell roughly 45% from $173.68 to $95.07 during the class period.
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