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Alibaba Agrees to Pay $433.5 Million to Settle Shareholder Lawsuit

The Information · Juro Osawa · last updated

Alibaba Group said it has agreed to pay $433.5 million to settle a U.S. class-action lawsuit that alleged the Chinese e-commerce giant made misstatements about its antitrust practices.

The lawsuit, filed in November 2020 in the U.S. District Court, alleged that Alibaba violated federal …

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