{"success":true,"data":{"pressRelease":{"id":"142952","rtpr_id":"nPn7SpSNVa-20260914","ticker":"BABA","exchange":"NYSE","all_tickers":["BABA","9988"],"title":"Alibaba Group Holding Limited (BABA) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 5, 2026 Lead Plaintiff Deadline","author":"PR Newswire","published_at":"2026-09-14T16:46:00.678Z","article_body":"Alibaba Group Holding Limited (BABA) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 5, 2026 Lead Plaintiff Deadline\nPR Newswire\n\nSAN FRANCISCO, Sept. 14, 2026\n\nSAN FRANCISCO, Sept. 14, 2026 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP\nurges Alibaba Group Holding Limited (NYSE: BABA) investors who suffered\nsubstantial losses submit their losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=306543465&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=submit+their+losses+now)\n.\n\nA securities fraud class action lawsuit has been filed against Alibaba, and\ninvestors are encouraged to contact the firm regarding potential recoveries\nand lead plaintiff rights. The case, captioned Wistisen v. Alibaba Group\nHolding Limited, et al., No. 1:26-cv-06654 (S.D.N.Y.), accuses Alibaba and\ncertain of its executive officers of violating the Securities Exchange Act of\n1934.\n\nView our latest video summary of the allegations:\nwww.youtube.com/watch?v=Mt00-HjZs8U\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=1744721332&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DMt00-HjZs8U&a=www.youtube.com%2Fwatch%3Fv%3DMt00-HjZs8U)\n\nClass Period: June 26, 2025 – June 24, 2026\nLead Plaintiff Deadline: Oct. 5, 2026\nVisit: www.hbsslaw.com/baba\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4051366262&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=www.hbsslaw.com%2Fbaba)\n\nContact the Firm Now: BABA@hbsslaw.com (mailto:BABA@hbsslaw.com)\n844-916-0895\n\nCore Allegations\n\nThe lawsuit alleges that Alibaba and certain executives misrepresented and\nfailed to disclose adverse facts pertaining to the Company's business which\nwere known to Defendants or recklessly disregarded by them. Specifically,\nDefendants made false and/or misleading statements and/or failed to disclose\nthat:\n\n * Under the National Defense Authorization Act (NDAA), any entities directly or\nindirectly controlled by or affiliated with the Chinese Ministry of Industry\nand Information Technology (MIIT) were considered a Chinese military company;\n * Alibaba was directly or indirectly controlled by or affiliated with the MIIT;\n * The risk of Alibaba carrying out distillation attacks against third- party AI\nmodels was not a mere hypothetical or inadvertent, but ongoing; and\n * As a result, Defendants' public statements about Alibaba's business,\noperations, and prospects were materially false and/or misleading at all\nrelevant times.\nThe Truth Emerges\n\nThe truth regarding Alibaba's regulatory exposure and illicit business\npractices was revealed through a series of partial corrective disclosures:\n\n * June 8, 2026: The U.S. Department of Defense added Alibaba to its list of\nChinese military companies under the NDAA due to its ties to the MIIT. On this\nnews, Alibaba ADSs fell $4.69 per share, or 3.9%, over two trading sessions.\n * June 24, 2026: Bloomberg reported that Anthropic alerted U.S. officials that\nAlibaba fraudulently accessed Anthropic's Claude AI models via thousands of\nfake accounts to execute unauthorized \"distillation\" attacks to train its own\nmodels. On this news, Alibaba ADSs fell $4.73 per share, or 4.7%, to close at\n$95.07 on June 25, 2026.\nThe complaint alleges that as a result of Defendants' misleading statements\nand omissions, investors suffered substantial losses when the artificial\ninflation was removed from the stock.\n\nHagens Berman's Investigation\n\n\"We are investigating whether Alibaba executives intentionally concealed the\ncompany's regulatory ties and engaged in fraudulent operational practices to\nmislead the market about its true risk profile and competitive position,\" said\nReed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=2255933327&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation of the alleged\nclaims in the pending suit.\n\nWhat Affected $BABA Investors Should Do\n\nIf you purchased or acquired Alibaba securities between June 26, 2025, and\nJune 24, 2026, and suffered significant financial losses, you have until\nOctober 5, 2026, to ask the court to appoint you as lead plaintiff. You do not\nneed to seek lead plaintiff status to share in any potential recovery.\n\nTo learn more about your legal options, submit your information to Hagens\nBerman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=354439250&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=submit+your+information+to+Hagens+Berman)\n, visit www.hbsslaw.com/baba\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4051366262&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=www.hbsslaw.com%2Fbaba)\n, call Reed Kathrein at 844-916-0895, or email BABA@hbsslaw.com\n(mailto:BABA@hbsslaw.com) .\n\nWhistleblowers: Persons with non-public information regarding Alibaba should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email BABA@hbsslaw.com (mailto:BABA@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=497335787&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4162605266&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=3263274972&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-investors-securities-fraud-class-action-filed-contact-hagens-berman-before-october-5-2026-lead-plaintiff-deadline-302877868.html\n(https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-investors-securities-fraud-class-action-filed-contact-hagens-berman-before-october-5-2026-lead-plaintiff-deadline-302877868.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, BABA@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2946168\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7SpSNVa-20260914","title":"Alibaba Group Holding Limited (BABA) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 5, 2026 Lead Plaintiff Deadline","author":"PR Newswire","ticker":"BABA","created":"2026-09-14T16:46:00.678Z","tickers":["BABA","9988"],"exchange":"NYSE","article_body":"Alibaba Group Holding Limited (BABA) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 5, 2026 Lead Plaintiff Deadline\nPR Newswire\n\nSAN FRANCISCO, Sept. 14, 2026\n\nSAN FRANCISCO, Sept. 14, 2026 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP\nurges Alibaba Group Holding Limited (NYSE: BABA) investors who suffered\nsubstantial losses submit their losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=306543465&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=submit+their+losses+now)\n.\n\nA securities fraud class action lawsuit has been filed against Alibaba, and\ninvestors are encouraged to contact the firm regarding potential recoveries\nand lead plaintiff rights. The case, captioned Wistisen v. Alibaba Group\nHolding Limited, et al., No. 1:26-cv-06654 (S.D.N.Y.), accuses Alibaba and\ncertain of its executive officers of violating the Securities Exchange Act of\n1934.\n\nView our latest video summary of the allegations:\nwww.youtube.com/watch?v=Mt00-HjZs8U\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=1744721332&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DMt00-HjZs8U&a=www.youtube.com%2Fwatch%3Fv%3DMt00-HjZs8U)\n\nClass Period: June 26, 2025 – June 24, 2026\nLead Plaintiff Deadline: Oct. 5, 2026\nVisit: www.hbsslaw.com/baba\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4051366262&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=www.hbsslaw.com%2Fbaba)\n\nContact the Firm Now: BABA@hbsslaw.com (mailto:BABA@hbsslaw.com)\n844-916-0895\n\nCore Allegations\n\nThe lawsuit alleges that Alibaba and certain executives misrepresented and\nfailed to disclose adverse facts pertaining to the Company's business which\nwere known to Defendants or recklessly disregarded by them. Specifically,\nDefendants made false and/or misleading statements and/or failed to disclose\nthat:\n\n * Under the National Defense Authorization Act (NDAA), any entities directly or\nindirectly controlled by or affiliated with the Chinese Ministry of Industry\nand Information Technology (MIIT) were considered a Chinese military company;\n * Alibaba was directly or indirectly controlled by or affiliated with the MIIT;\n * The risk of Alibaba carrying out distillation attacks against third- party AI\nmodels was not a mere hypothetical or inadvertent, but ongoing; and\n * As a result, Defendants' public statements about Alibaba's business,\noperations, and prospects were materially false and/or misleading at all\nrelevant times.\nThe Truth Emerges\n\nThe truth regarding Alibaba's regulatory exposure and illicit business\npractices was revealed through a series of partial corrective disclosures:\n\n * June 8, 2026: The U.S. Department of Defense added Alibaba to its list of\nChinese military companies under the NDAA due to its ties to the MIIT. On this\nnews, Alibaba ADSs fell $4.69 per share, or 3.9%, over two trading sessions.\n * June 24, 2026: Bloomberg reported that Anthropic alerted U.S. officials that\nAlibaba fraudulently accessed Anthropic's Claude AI models via thousands of\nfake accounts to execute unauthorized \"distillation\" attacks to train its own\nmodels. On this news, Alibaba ADSs fell $4.73 per share, or 4.7%, to close at\n$95.07 on June 25, 2026.\nThe complaint alleges that as a result of Defendants' misleading statements\nand omissions, investors suffered substantial losses when the artificial\ninflation was removed from the stock.\n\nHagens Berman's Investigation\n\n\"We are investigating whether Alibaba executives intentionally concealed the\ncompany's regulatory ties and engaged in fraudulent operational practices to\nmislead the market about its true risk profile and competitive position,\" said\nReed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=2255933327&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation of the alleged\nclaims in the pending suit.\n\nWhat Affected $BABA Investors Should Do\n\nIf you purchased or acquired Alibaba securities between June 26, 2025, and\nJune 24, 2026, and suffered significant financial losses, you have until\nOctober 5, 2026, to ask the court to appoint you as lead plaintiff. You do not\nneed to seek lead plaintiff status to share in any potential recovery.\n\nTo learn more about your legal options, submit your information to Hagens\nBerman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=354439250&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=submit+your+information+to+Hagens+Berman)\n, visit www.hbsslaw.com/baba\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4051366262&u=https%3A%2F%2Fwww.hbsslaw.com%2Fbaba&a=www.hbsslaw.com%2Fbaba)\n, call Reed Kathrein at 844-916-0895, or email BABA@hbsslaw.com\n(mailto:BABA@hbsslaw.com) .\n\nWhistleblowers: Persons with non-public information regarding Alibaba should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email BABA@hbsslaw.com (mailto:BABA@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=497335787&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=4162605266&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4773268-1&h=3263274972&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-investors-securities-fraud-class-action-filed-contact-hagens-berman-before-october-5-2026-lead-plaintiff-deadline-302877868.html\n(https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-investors-securities-fraud-class-action-filed-contact-hagens-berman-before-october-5-2026-lead-plaintiff-deadline-302877868.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, BABA@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2946168\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-14T16:46:00.726999535Z","server_sent_at_ms":1789404360727},"received_at":"2026-09-14T16:46:00.780Z","source_url":"https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-investors-securities-fraud-class-action-filed-contact-hagens-berman-before-october-5-2026-lead-plaintiff-deadline-302877868.html"},"analysis":{"id":"131783","press_release_id":"142952","analysis_json":{"industry":{"label":"Broadline Retail","sector":"Consumer Discretionary"},"redFlags":["Securities fraud class action alleging misstatements about MIIT affiliation and NDAA Chinese military company exposure","Alleged unauthorized 'distillation' access to Anthropic's Claude AI models via fake accounts","June 2026 DoD listing of Alibaba as a Chinese military company creates potential U.S. contract/restriction risk"],"eventType":"legal_litigation","narrative":"Hagens Berman Sobol Shapiro LLP announced a securities fraud class action against Alibaba and certain executives, urging investors who suffered substantial losses to contact the firm before the October 5, 2026 lead plaintiff deadline.\n\nThe suit, Wistisen v. Alibaba Group Holding Limited (S.D.N.Y.), alleges Alibaba made misleading statements about ties to China's MIIT under the NDAA and downplayed ongoing 'distillation' attacks against third-party AI models.\n\nThe complaint cites corrective disclosures: the Defense Department added Alibaba to its Chinese military companies list on June 8, 2026 (ADSs fell 3.9% over two sessions), and a June 24, 2026 Bloomberg report that Anthropic flagged unauthorized access to Claude models (ADSs fell 4.7% to $95.07).\n\nThis is a plaintiff-firm solicitation, not an issuer disclosure; the underlying allegations were already public and no class has been certified.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress; underlying NDAA-listing and Anthropic-distillation allegations were already public and are the only items worth monitoring."},"keyFigures":{"customDimensions":{"class_period":"June 26, 2025 – June 24, 2026","june25_close":"$95.07","case_citation":"Wistisen v. Alibaba Group Holding Limited, et al., No. 1:26-cv-06654 (S.D.N.Y.)","june8_ads_drop":"$4.69 per share, or 3.9% over two trading sessions","june24_ads_drop":"$4.73 per share, or 4.7%","lead_plaintiff_deadline":"Oct. 5, 2026"}},"namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading the investigation"}],"products":["Claude AI models"],"companies":[{"name":"Alibaba Group Holding Limited","ticker":"BABA","relationship":"named defendant / solicitation target"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm issuing the release"},{"name":"Anthropic","relationship":"third party cited in allegations regarding Claude AI model access"},{"name":"U.S. Department of Defense","relationship":"government body that listed Alibaba under the NDAA"},{"name":"Bloomberg","relationship":"media outlet that reported the Anthropic allegations"},{"name":"Chinese Ministry of Industry and Information Technology (MIIT)","relationship":"government entity cited in allegations"}],"dollarAmounts":[{"amount":"$4.69","context":"per-share ADS decline after the June 8, 2026 DoD listing disclosure"},{"amount":"$4.73","context":"per-share ADS decline after the June 24, 2026 Anthropic report"},{"amount":"$95.07","context":"Alibaba ADS closing price on June 25, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's stated cumulative recoveries in this area of law (firm boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Hagens Berman under its own wire account. No new issuer disclosure, no certified class, and no settlement; the underlying corrective disclosures (NDAA listing, Anthropic allegations) were previously public."},"tickerRelevance":{"others":[],"primary":"BABA"},"globalImportance":22,"audienceRelevance":18,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"law-firm-solicitation","certifiedClass":false,"issuerAuthored":false,"settlementAnnounced":false,"underlyingAllegationsNotable":true}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman Sobol Shapiro LLP announced a securities fraud class action against Alibaba and certain executives, urging investors who suffered substantial losses to contact the firm before the October 5, 2026 lead plaintiff deadline.\n\nThe suit, Wistisen v. Alibaba Group Holding Limited (S.D.N.Y.), alleges Alibaba made misleading statements about ties to China's MIIT under the NDAA and downplayed ongoing 'distillation' attacks against third-party AI models.\n\nThe complaint cites corrective disclosures: the Defense Department added Alibaba to its Chinese military companies list on June 8, 2026 (ADSs fell 3.9% over two sessions), and a June 24, 2026 Bloomberg report that Anthropic flagged unauthorized access to Claude models (ADSs fell 4.7% to $95.07).\n\nThis is a plaintiff-firm solicitation, not an issuer disclosure; the underlying allegations were already public and no class has been certified.","key_figures":{"customDimensions":{"class_period":"June 26, 2025 – June 24, 2026","june25_close":"$95.07","case_citation":"Wistisen v. Alibaba Group Holding Limited, et al., No. 1:26-cv-06654 (S.D.N.Y.)","june8_ads_drop":"$4.69 per share, or 3.9% over two trading sessions","june24_ads_drop":"$4.73 per share, or 4.7%","lead_plaintiff_deadline":"Oct. 5, 2026"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading the investigation"}],"products":["Claude AI models"],"companies":[{"name":"Alibaba Group Holding Limited","ticker":"BABA","relationship":"named defendant / solicitation target"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm issuing the release"},{"name":"Anthropic","relationship":"third party cited in allegations regarding Claude AI model access"},{"name":"U.S. Department of Defense","relationship":"government body that listed Alibaba under the NDAA"},{"name":"Bloomberg","relationship":"media outlet that reported the Anthropic allegations"},{"name":"Chinese Ministry of Industry and Information Technology (MIIT)","relationship":"government entity cited in allegations"}],"dollarAmounts":[{"amount":"$4.69","context":"per-share ADS decline after the June 8, 2026 DoD listing disclosure"},{"amount":"$4.73","context":"per-share ADS decline after the June 24, 2026 Anthropic report"},{"amount":"$95.07","context":"Alibaba ADS closing price on June 25, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's stated cumulative recoveries in this area of law (firm boilerplate)"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T16:46:30.896Z","global_importance":22,"audience_relevance":18,"importance_components":{"tickerTier":"mega-cap","eventGravity":"law-firm-solicitation","certifiedClass":false,"issuerAuthored":false,"settlementAnnounced":false,"underlyingAllegationsNotable":true}},"durationMs":30114,"modelName":"glm-5.3-flash"}}