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6-K: Alibaba Group Reaches Settlement Agreement in Shareholder Class Action Lawsuit

6-K: Alibaba Group Reaches Settlement Agreement in Shareholder Class Action Lawsuit

6-K:阿里巴巴集团就股东集体诉讼案达成和解协议
美股SEC公告 ·  2024/10/25 17:18

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Alibaba Group and certain current and former officers have reached an agreement to settle a consolidated putative shareholder class action lawsuit filed in the Southern District of New York (No. 1:20-cv-09568-GBD-JW).Under the settlement terms, Alibaba will pay US$433.5 million to resolve the lawsuit, with all defendants receiving a full release of claims. The company maintains its denial of any allegations of fault, liability, wrongdoing, or damages, emphasizing that the settlement does not constitute an admission of the claims' merit.The settlement agreement is subject to court approval, with the company stating the decision to settle was made to avoid further litigation costs and disruption to business operations.
Alibaba Group and certain current and former officers have reached an agreement to settle a consolidated putative shareholder class action lawsuit filed in the Southern District of New York (No. 1:20-cv-09568-GBD-JW).Under the settlement terms, Alibaba will pay US$433.5 million to resolve the lawsuit, with all defendants receiving a full release of claims. The company maintains its denial of any allegations of fault, liability, wrongdoing, or damages, emphasizing that the settlement does not constitute an admission of the claims' merit.The settlement agreement is subject to court approval, with the company stating the decision to settle was made to avoid further litigation costs and disruption to business operations.
阿里巴巴(临时代码)及某些现任和前任高管已达成协议,解决在纽约南区提起的合并假定股东集体诉讼(案号:1:20-cv-09568-GBD-JW)。根据和解条款,阿里巴巴将支付43350万美元来解决该诉讼,所有被告都将获得完全解放索赔的权利。该公司坚持否认任何过失、责任、不当行为或损害的指控,强调和解不构成对索赔合理性的承认。和解协议需经法院批准,该公司表示决定和解是为了避免进一步的诉讼成本和对业务运营的干扰。
阿里巴巴(临时代码)及某些现任和前任高管已达成协议,解决在纽约南区提起的合并假定股东集体诉讼(案号:1:20-cv-09568-GBD-JW)。根据和解条款,阿里巴巴将支付43350万美元来解决该诉讼,所有被告都将获得完全解放索赔的权利。该公司坚持否认任何过失、责任、不当行为或损害的指控,强调和解不构成对索赔合理性的承认。和解协议需经法院批准,该公司表示决定和解是为了避免进一步的诉讼成本和对业务运营的干扰。
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