{"success":true,"data":{"pressRelease":{"id":"150104","rtpr_id":"nPn44Q2STa-20260922","ticker":"9988","exchange":"HKEX","all_tickers":["9988"],"title":"Alibaba Group Holding Limited (BABA) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit","author":"PR Newswire","published_at":"2026-09-22T17:05:00.100Z","article_body":"Alibaba Group Holding Limited (BABA) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit\nPR Newswire\n\nLOS ANGELES, Sept. 22, 2026\n\nLOS ANGELES, Sept. 22, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=829874019&u=https%3A%2F%2Fwww.frankcruzlaw.com%2F&a=The+Law+Offices+of+Frank+R.+Cruz)\n announces that investors with losses related to Alibaba Group Holding\nLimited (BABA) have opportunity to lead the securities fraud class action\nlawsuit.\n\nIF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIBABA GROUP HOLDING LIMITED\n(BABA), CLICK HERE\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=1100200942&u=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Falibaba%2F&a=HERE)\n BEFORE OCTOBER 5, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE\nONGOING SECURITIES FRAUD LAWSUIT.\n\nWhat Is The Lawsuit About?\nThe complaint filed in this class action alleges that between June 26, 2025\nand June 24, 2026, Defendants made materially false and/or misleading\nstatements, as well as failed to disclose material adverse facts about the\nCompany's business, operations, and prospects. Specifically, Defendants failed\nto disclose to investors that: (1) under the National Defense Authorization\nAct (the \"NDAA\"), any entities directly or indirectly controlled by or\naffiliated with the MIIT were considered a Chinese military company; (2)\nAlibaba was directly or indirectly controlled by or affiliated with the MIIT;\n(3) the risk of Alibaba carrying out distillation attacks against third-party\nAI models was not a mere hypothetical or inadvertent, but ongoing; and (4) as\na result, Defendants' positive statements about the Company's business,\noperations, and prospects were materially misleading and/or lacked a\nreasonable basis at all relevant times.\n\nContact Us To Participate or Learn More:\nIf you wish to learn more about this action, or if you have any questions\nconcerning this announcement or your rights or interests with respect to these\nmatters, please contact us.\nThe Law Offices of Frank R. Cruz,\nEmail us at: info@frankcruzlaw.com (mailto:info@frankcruzlaw.com)\nCall us at: 310-914-5007\nVisit our website at: www.frankcruzlaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=4139463393&u=https%3A%2F%2Fwww.frankcruzlaw.com%2F&a=www.frankcruzlaw.com)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=3436644547&u=https%3A%2F%2Ftwitter.com%2FFRC_LAW&a=twitter.com%2FFRC_LAW)\n.\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302885967.html\n(https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302885967.html)\n\nSOURCE The Law Offices of Frank R. Cruz, Los Angeles\n\n\n\nThe Law Offices of Frank R. Cruz, Los Angeles, Frank R. Cruz, Telephone: 310-914-5007, Email: fcruz@frankcruzlaw.com, Visit our website at: www.frankcruzlaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1215367/The-Law-Offices-of-Frank-R-Cruz-Logo.jpg?id=OA2962232\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn44Q2STa-20260922","title":"Alibaba Group Holding Limited (BABA) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit","author":"PR Newswire","ticker":"9988","created":"2026-09-22T17:05:00.100Z","tickers":["9988"],"exchange":"HKEX","article_body":"Alibaba Group Holding Limited (BABA) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit\nPR Newswire\n\nLOS ANGELES, Sept. 22, 2026\n\nLOS ANGELES, Sept. 22, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=829874019&u=https%3A%2F%2Fwww.frankcruzlaw.com%2F&a=The+Law+Offices+of+Frank+R.+Cruz)\n announces that investors with losses related to Alibaba Group Holding\nLimited (BABA) have opportunity to lead the securities fraud class action\nlawsuit.\n\nIF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIBABA GROUP HOLDING LIMITED\n(BABA), CLICK HERE\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=1100200942&u=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Falibaba%2F&a=HERE)\n BEFORE OCTOBER 5, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE\nONGOING SECURITIES FRAUD LAWSUIT.\n\nWhat Is The Lawsuit About?\nThe complaint filed in this class action alleges that between June 26, 2025\nand June 24, 2026, Defendants made materially false and/or misleading\nstatements, as well as failed to disclose material adverse facts about the\nCompany's business, operations, and prospects. Specifically, Defendants failed\nto disclose to investors that: (1) under the National Defense Authorization\nAct (the \"NDAA\"), any entities directly or indirectly controlled by or\naffiliated with the MIIT were considered a Chinese military company; (2)\nAlibaba was directly or indirectly controlled by or affiliated with the MIIT;\n(3) the risk of Alibaba carrying out distillation attacks against third-party\nAI models was not a mere hypothetical or inadvertent, but ongoing; and (4) as\na result, Defendants' positive statements about the Company's business,\noperations, and prospects were materially misleading and/or lacked a\nreasonable basis at all relevant times.\n\nContact Us To Participate or Learn More:\nIf you wish to learn more about this action, or if you have any questions\nconcerning this announcement or your rights or interests with respect to these\nmatters, please contact us.\nThe Law Offices of Frank R. Cruz,\nEmail us at: info@frankcruzlaw.com (mailto:info@frankcruzlaw.com)\nCall us at: 310-914-5007\nVisit our website at: www.frankcruzlaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=4139463393&u=https%3A%2F%2Fwww.frankcruzlaw.com%2F&a=www.frankcruzlaw.com)\n\nFollow us for updates on Twitter: twitter.com/FRC_LAW\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779622-1&h=3436644547&u=https%3A%2F%2Ftwitter.com%2FFRC_LAW&a=twitter.com%2FFRC_LAW)\n.\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nTo be a member of the class action you need not take any action at this time;\nyou may retain counsel of your choice or take no action and remain an absent\nmember of the class action.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302885967.html\n(https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302885967.html)\n\nSOURCE The Law Offices of Frank R. Cruz, Los Angeles\n\n\n\nThe Law Offices of Frank R. Cruz, Los Angeles, Frank R. Cruz, Telephone: 310-914-5007, Email: fcruz@frankcruzlaw.com, Visit our website at: www.frankcruzlaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1215367/The-Law-Offices-of-Frank-R-Cruz-Logo.jpg?id=OA2962232\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-22T17:05:00.140573946Z","server_sent_at_ms":1790096700140},"received_at":"2026-09-22T17:05:00.227Z","source_url":"https://www.prnewswire.com/news-releases/alibaba-group-holding-limited-baba-shareholders-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302885967.html"},"analysis":{"id":"138795","press_release_id":"150104","analysis_json":{"industry":{"label":"Broadline Retail","sector":"Consumer Discretionary"},"redFlags":["Ongoing securities fraud class action alleging NDAA/MIIT affiliation and AI model distillation disclosures were omitted"],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz announced an opportunity for investors with losses in Alibaba Group Holding Limited (BABA) to serve as lead plaintiff in an ongoing securities fraud class action.\n\nThe complaint alleges that from June 26, 2025 to June 24, 2026, Defendants made misleading statements regarding Alibaba's alleged affiliation with the MIIT and ongoing so-called distillation attacks against third-party AI models.\n\nThe lead plaintiff deadline is October 5, 2026. This is a law-firm solicitation, not a company disclosure or court ruling.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation against Alibaba -- suppress as noise unless class certification or issuer response emerges."},"keyFigures":{},"quotedText":"announces that investors with losses related to Alibaba Group Holding Limited (BABA) have opportunity to lead the securities fraud class action lawsuit.","namedEntities":{"people":[{"name":"Frank R. 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No issuer disclosure, no certified class, and no settlement."},"tickerRelevance":{"others":[{"ticker":"BABA","relevance":"US-listed ADR of same issuer named in class action"}],"primary":"9988"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":true}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Law Offices of Frank R. 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