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Alibaba Urges Against Class Cert. In Suit Over Antitrust Probe

By Sydney Price ( January 22, 2024, 9:40 PM EST) -- Chinese e-commerce company Alibaba has urged a New York federal court to deny class certification in a shareholder suit accusing the company of failing to warn investors about regulatory risks it faced in the lead-up to a planned initial public offering of its fintech affiliate Ant Group, arguing the practices in question were not hidden and therefore did not affect share prices....

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