Rosen Law Firm Files Class Action Suit Against Alibaba
News related to:Alibaba Group Holding Limited · 2 min read
NEW YORK, Sept. 9, 2026 /CourierPR/ -- Rosen Law Firm, a global investor rights law firm, has filed a securities class action lawsuit against Alibaba Group Holding Limited (NYSE: BABA) on behalf of investors who purchased the company's securities between June 26, 2025, and June 24, 2026, inclusive. The lawsuit alleges that Alibaba Group Holding Limited made false and misleading statements during the class period, which misled investors about the company’s business, operations, and prospects.
According to the lawsuit, the defendants failed to disclose that any entities directly or indirectly controlled by or affiliated with the Ministry of Industry and Information Technology (MIIT) were considered a Chinese military company under the National Defense Authorization Act (NDAA). The lawsuit further claims that Alibaba was directly or indirectly controlled by or affiliated with the MIIT, and that the risk of Alibaba carrying out distillation attacks against third-party AI models was not a mere hypothetical or inadvertent, but ongoing. These omissions and misrepresentations, according to the lawsuit, led to a significant underestimation of the risks associated with Alibaba’s business operations.
Rosen Law Firm has a track record of success in leadership roles, having achieved the largest settlement ever against a Chinese company. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019, the firm secured over $438 million for investors, and in 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs' Bar by law360.
The lawsuit alleges that the defendants' statements about Alibaba’s business, operations, and prospects were materially false and misleading and lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered significant financial damages.
As of now, no class has been certified, and until a class is certified, investors are not represented by counsel unless they retain one. Investors may also choose to remain absent class members and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as a lead plaintiff.