Glancy prongay & murray llp secures record-setting $433.5 million recovery in alibaba investor lawsuit

Los angeles--(business wire)--glancy prongay & murray has secured final approval of an historic $433.5 million settlement in the alibaba group holding limited securities class action. the settlement resolves investors' claims that alibaba (nyse: baba) violated the securities exchange act of 1934 by allegedly misrepresenting its regulatory compliance and its use of monopolistic business practices during the period november 13, 2019 through december 23, 2020. the settlement is the largest sec.
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