Alibaba Group Holding Limited has reached an agreement to settle a consolidated shareholder class action lawsuit, as disclosed in a Form 6-K filed with the U.S. Securities and Exchange Commission on October 25, 2024. The lawsuit, known as In re: Alibaba Group Holding Ltd. Securities Litigation, involved certain current and former officers and directors of the company. Under the terms of the settlement, Alibaba has agreed to pay $433.5 million. The settlement will provide a full release of all claims against all defendants and is subject to various conditions, including court approval. Alibaba has stated that the settlement is not an admission of wrongdoing or liability and that the company denies all allegations. The decision to settle was made to avoid further litigation costs and disruption.

Alibaba Group Holding Limited has reached an agreement to settle a consolidated shareholder class action lawsuit, as disclosed in a Form 6-K filed with the U.S. Securities and Exchange Commission on October 25, 2024. The lawsuit, known as In re: Alibaba Group Holding Ltd. Securities Litigation, involved certain current and former officers and directors of the company. Under the terms of the settlement, Alibaba has agreed to pay $433.5 million. The settlement will provide a full release of all claims against all defendants and is subject to various conditions, including court approval. Alibaba has stated that the settlement is not an admission of wrongdoing or liability and that the company denies all allegations. The decision to settle was made to avoid further litigation costs and disruption.