US judge dismisses part of Alibaba shareholder’s lawsuit | – #judge #dismisses #part #Alibaba #shareholders #lawsuit

CompaniesAlibaba Group Holding LtdFollow

NEW YORK, March 22 (Reuters) – On Wednesday USA A judge dismissed part of a shareholder’s lawsuit against Alibaba Group Holding Ltd and dismissed the shareholders’ claims against Alibaba founder Jack May.

USAU.S. District Judge George Daniels in Manhattan granted motions to dismiss allegations of misrepresentation in the initial public offering of Ant, which operates the Alipay payment platform.

It declined to dismiss allegations of alleged misrepresentations regarding Alibaba’s antitrust risk and exclusivity practices.

Reporting by Jonathan Stempel in New York

Our standards: Thomson Reuters Trust Principles.

2023-03-22 21:51:29
Source – reuters

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