Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA).
A securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Alibaba securities between June 26, 2025 and June 24, 2026, both dates inclusive (the “Class Period”).
What Does the Alibaba Securities Class Action Allege?
According to the complaint, Alibaba and its CEO, Eddie Yongming Wu, made materially false and/or misleading statements or failed to disclose adverse facts concerning to the Company’s business which were allegedly known to the Alibaba Defendants or recklessly disregarded by them.
Specifically, the Alibaba Defendants allegedly made false and/or misleading statements and/or failed to disclose that:
1) Under the National Defense Authorization Act (“NDAA”), any entities directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology (“MIIT”) were considered a Chinese military company;
2) Alibaba was directly or indirectly controlled by or affiliated with the MIIT;
3) The risk of Alibaba carrying out distillation attacks against third- party AI models was not a mere hypothetical or inadvertent, but ongoing; and
4) As a result, the Alibaba Defendants’ public statements about Alibaba’s business, operations, and prospects were materially false and/or misleading at all relevant times.
The complaint states that on June 8, 2026, the U.S. Department of Defense released an updated list of Chinese military companies that included Alibaba. According to the complaint, Alibaba’s share price declined $4.69, or approximately 3.9%, over the next two trading days.
The complaint also cites a June 24, 2026 Bloomberg report concerning Anthropic’s accusation that Alibaba had illicitly accessed its Claude artificial intelligence models. According to the complaint, Alibaba ADSs declined 2.7% on June 24 and another 4.7% on June 25, 2026.
Alibaba Investors May Have Legal Claims
Investors who acquired Alibaba securities during the Class Period and suffered an investment loss may have legal claims.
Affected Alibaba investors are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to discuss the class action, the lead plaintiff process or their potential legal rights.
Investors have until October 5, 2026 to seek appointment as lead plaintiff. Investors are not required to seek appointment as lead plaintiff to remain potential members of the class. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. An investors ability to share in any potential future recovery is not dependent upon serving as a lead plaintiff.
There is no cost or obligation to speak with the firm.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
SEND US A MESSAGE
Contact Us
ADDRESS
Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103