Alibaba (BABA) has released an update.
Alibaba Group has agreed to a $433.5 million settlement to resolve a shareholder class action lawsuit, aiming to avoid the costs and disruptions of further legal proceedings. The settlement awaits court approval and includes a full release of all claims against the defendants. Despite the settlement, Alibaba denies any wrongdoing or liability.
For further insights into BABA stock, check out TipRanks’ Stock Analysis page.
