Alibaba $433.5 Million Securities Class Action Settlement

If you purchased Alibaba American Depositary Shares (ADS) between November 13, 2019, and December 23, 2020, you may be eligible to claim a portion of the $433,500,000 from a class action settlement.

Alibaba Group Holding Ltd. has agreed to settle a class action lawsuit for alleged violations of federal securities laws, including misleading statements about its business practices and the anticipated IPO of Ant Group.

Who can file a claim?

Individuals or entities that purchased or otherwise acquired Alibaba ADS between November 13, 2019, and December 23, 2020, and lost money, are eligible to file a claim.

How much can money can be claimed?

The estimated average recovery is $0.63 per affected share before deductions for fees and expenses.

The amount each class member can receive depends on several factors, including the number of valid claims submitted and the timing of their ADS transactions.

The Net Settlement Fund will be distributed on a pro rata basis, meaning the exact amount depends on the total number of valid claims.

Required documentation

Claimants need to provide documentation of their transactions in Alibaba ADS during the specified period.

Accepted docs include broker confirmation slips, account statements, or other documentation showing purchase and sale dates and prices.

How to file a claim

Claim forms must be submitted by March 26, 2025. You can file a claim online or download the claim form PDF and mail it to the Claims Administrator:

In re Alibaba Group Holding Ltd. Sec. Litigation

c/o A.B. Data, Ltd.

P.O. Box 173006

Milwaukee, WI 53217

Claim instructions

1. Gather documentation of your Alibaba ADS transactions.
2. Complete the claim form with accurate details.
3. Submit the form online or mail it to the address provided.

Payment methods

Payments will be made via check or electronic transfer, depending on the claimant's preference.

$433.5 Million settlement fund

The settlement fund of $433,500,000 will cover:

• Payments to eligible class members.
• Attorneys' fees, not exceeding 30% of the fund.
• Litigation expenses, capped at $1,500,000.

Important dates

• Fairness Hearing: March 27, 2025
• Deadline to File a Claim: March 26, 2025

When is the Alibaba Group Holding Ltd. payout date?

The court will hold a fairness hearing on March 27, 2025, to decide whether to approve the settlement. Settlement funds will be distributed after the court approves the settlement and any appeals are resolved.

Why is there a class action settlement?

The lawsuit alleged that Alibaba made false and misleading statements about its business practices and the anticipated IPO of Ant Group, leading to artificially inflated ADS prices. The settlement avoids the risks and costs of continued litigation.