San Diego, CA -- (SBWIRE) -- 05/05/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Alibaba Group Holding Limited.

Investors who are current long term investors in Alibaba Group Holding Limited (NYSE: BABA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: BABA stocks follows a lawsuit filed against Alibaba Group Holding Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BABA stocks, concerns whether certain Alibaba Group Holding Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters, that that certain impending changes in the Fintech regulatory environment would impact Ant Group's business, that, as a result of the foregoing, Ant Group's IPO was reasonably likely to be suspended, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Alibaba Group Holding Limited (NYSE: BABA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.