Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation. The proposed settlement was filed in federal court in Manhattan and requires the approval of U.

In a recent development, Alibaba Group (NYSE:BABA) has decided to settle a class-action lawsuit filed by its shareholders for $433.5 million. The lawsuit alleged that the company had made misleading statements about its exclusivity practices.

Alibaba has reached a $433.5 million settlement with U.S. investors who accused the company of monopolistic practices, marking a significant financial move. Though Alibaba denies any misconduct, it chose settlement

Alibaba (NYSE:BABA) has agreed to pay $433.5M to settle a class-action lawsuit filed in the US that alleged the Chinese e-commerce giant engaged in monopolistic practices and the failed initial public offering from its Ant Group unit,

Alibaba (BABA) has released an update. Alibaba Group has agreed to a $433.5 million settlement to resolve a shareholder class action lawsuit,