Hagens Berman urges Alibaba investors to seek lead-plaintiff role in class action

By Atlas Watchline Staff · Legal · August 20, 2026

Hagens Berman said Alibaba investors who lost money during the June 26, 2025, to June 24, 2026, class period may seek lead-plaintiff status in a securities-fraud case with an Oct. 5, 2026, deadline.

Hagens Berman said Alibaba investors who lost money during the June 26, 2025, to June 24, 2026, class period may seek lead-plaintiff status in a securities-fraud case with an Oct. 5, 2026, deadline.

Hagens Berman Sobol Shapiro LLP said in an Aug. 20, 2026, release that it is urging investors in Alibaba Group Holding Limited to contact the firm about a pending securities-fraud class action in federal court. The notice says the case is Wistisen v. Alibaba Group Holding Limited, et al., No. 1:26-cv-06654, in the Southern District of New York.

The release says the lawsuit accuses Alibaba and certain executive officers of violating the Securities Exchange Act of 1934. It says the proposed class period runs from June 26, 2025, through June 24, 2026, and that the lead-plaintiff deadline is Oct. 5, 2026.

Hagens Berman said investors who purchased or acquired Alibaba securities during the class period and suffered losses may ask the court to appoint them as lead plaintiff, but do not need that status to share in any possible recovery.

According to the release, Hagens Berman is investigating whether Alibaba executives concealed the company’s regulatory ties and engaged in fraudulent operational practices. The notice also says the suit alleges Alibaba and certain executives misrepresented and failed to disclose adverse facts about the company’s business, and that the truth about the company’s regulatory exposure and alleged illicit business practices came out through partial corrective disclosures.

The release says investors suffered losses when what it calls artificial inflation in the stock was removed. It also identifies Reed Kathrein as the Hagens Berman partner leading the firm’s investigation.

Kathrein was quoted in the release as saying the firm is investigating whether Alibaba executives concealed the company’s regulatory ties and engaged in fraudulent operational practices to mislead the market about its risk profile and competitive position.

The notice also includes a pitch to potential whistleblowers, pointing to the SEC Whistleblower program and saying original-information whistleblowers may receive awards totaling up to 30 percent of any successful SEC recovery.

Hagens Berman said it has secured more than $2.9 billion in this area of law, according to the release.

The next key date in the case is the Oct. 5, 2026, lead-plaintiff deadline.

Sources

• PR Newswire release, Aug. 20, 2026

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.

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