Alibaba investors who purchased securities between June 26, 2025, and June 24, 2026, face an Oct. 5, 2026, deadline to seek appointment as lead plaintiff in a pending securities class action. Schall, Brown & Schwartz alleges Alibaba made materially false or misleading statements about its alleged affiliation with the Chinese Ministry of Industry and Information, potential treatment as a Chinese military company under the National Defense Authorization Act, and an alleged ongoing risk involving distillation attacks against a major Western AI model. The existing case record also identifies Rosen Law Firm and Kirby McInerney as having notified investors, and details market declines after a June 8 Defense Department list update and reports about Anthropic's allegations. The class has not been certified, and investors may retain counsel, remain absent class members, or take no action at this stage.