NEW YORK, May 25, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Alibaba Group Holding Limited ("Alibab" or "the Company") (NYSE: BABA). Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator, Eitan Kimelman at email@example.com or 212-697-6484.
The investigation concerns whether Alibaba and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 24, 2016, post-market, Alibaba filed an Annual Report on Form 20-F with the U.S. Securities and Exchange Commission ("SEC") announcing the Company's financial and operating results for fiscal year 2016. In its Annual Report, Alibaba disclosed that the SEC had requested information relating to "consolidation policies and practices (including [the Company's] accounting for Cainiao Network as an equity method investee") and "policies and practices applicable to related party transactions in general, and [the Company's] reporting of operating data from Singles Day" (a popular online shopping holiday in China).
Following this news, Alibaba stock fell $3.17, or 3.91%, to $77.95 during intraday trading on May 25, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of Alibaba, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman
212-697-6484 | email@example.com
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