United States of America: Announced settlement in lawsuit relating to alleged monopolistic practices by Alibaba (Ciccarello and others v Alibaba group holding limited)
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
judiciary
Government Body
court