Kirby McInerney LLP Alerts Investors Who Acquired Alibaba Group Holding Limited BABA Securities Between June 26, 2025 and June 24, 2026 of Pending Lawsuit
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Alibaba Group Holding Limited, Taboola.com Ltd., and Alarum Technologies Ltd. The Alibaba lawsuit alleges the company made false statements regarding its control by China's Ministry of Industry and Information Technology and engaged in unauthorized AI model distillation attacks. Stock prices declined significantly following disclosure of these issues in June 2026. Investors have until specified deadlines in October 2026 to seek lead plaintiff status.