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Alibaba ADSs fall about 45% from high as lawsuit alleges misleading disclosures

Verifying
  • Alibaba investors face a securities class action over alleged misleading disclosures.
  • Alibaba ADSs fell to $95.07, about 45% below the $173.68 Class Period high.
  • Investors have until October 5, 2026, to seek lead plaintiff status.
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