SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

February 09, 2015 15:36 ET

ALIBABA SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Alibaba Group Holding Limited and Its Board of Directors and a Lead Plaintiff Deadline of March 31, 2015 -- BABA

NEW YORK, NY--(Marketwired - Feb 9, 2015) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Alibaba Group Holding Limited ("Alibaba" or the "Company") (NASDAQ: BABA) American Depositary Shares ("ADSs") between October 21, 2014 and January 28, 2015.

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The complaint alleges that, among other allegations, during the Class Period defendants failed to disclose that Company executives had met with China's State Administration of Industry and Commerce ("SAIC") in July 2014, just two months before the Company's Initial Public Offering, and that during the IPO Alibaba and certain "selling shareholders" -- including two of its co-founders -- sold more than 368 million ADSs at $68 each.

If you suffered a loss in Alibaba you have until March 31, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510