United States of America: Lawsuit relating to alleged monopolistic practices (Ciccarello and others v Alibaba group holding limited) (Case No.1:20-cv-09568)
Progress
Current status
under investigation
25 Oct 2024 under investigation
Scope
Implementers
United States of America
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Announced settlement in lawsuit relating to alleged monopolistic practices by Alibaba (Ciccarello and others v Alibaba group holding limited)
On 25 October 2024, Alibaba Group announced that it reached a settlement in a shareholder class action lawsuit by agreeing to pay USD 433.5 million. The lawsuit, filed in 2020, alleged that Alibaba misled investors by concealing regulatory risks rel…
SourceEvent type
civil lawsuit
Action type
interim ruling
Government branch
judiciary
Government body
court