BOSTON, May 26, 2016 /PRNewswire/ -- Shares in Alibaba Group Holding Ltd. ("Alibaba" or the "Company") (NYSE: BABA) plunged approximately 7% yesterday after the Company disclosed that the SEC was investigating its accounting practices including related-party transactions with a number of affiliates.
Block & Leviton LLP is investigating the Company and certain of its officers and directors to determine how widespread the accounting issues are and whether any insiders at the Company personally profited from the alleged misstatements.
If you purchased Alibaba's American Depositary Shares (the Alibaba stock that trades on the New York Stock Exchange) before May 25, 2016 and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Joel Fleming of Block & Leviton LLP at (617) 398-5600 or at Joel@blockesq.com. Confidentiality for any whistleblowers or other persons with information relevant to the investigation is assured.
Block & Leviton is a Boston-based law firm that represents large institutional investors as well as individual investors in litigation involving violations of securities laws as well as whistleblowing employees who provide information about their employers' violations of law. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 70 years.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
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SOURCE Block & Leviton LLP