Alibaba must face renewed lawsuit over IPO: U.S. appeals court

NEW YORK (Reuters) – A U.S. appeals court revived a lawsuit accusing Alibaba Group Holding Ltd of defrauding shareholders by concealing a regulatory warning prior to its initial public offering about its ability to suppress counterfeiting on its websites.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>