Securities Cases | Claims Compensation Bureau

Litigation	Alibaba
Settlement Fund	$433.5 Million
Description	As a result of the materially false and/or misleading statements and/or failures to disclose, Alibaba’s securities traded at artificially inflated prices during the Class Period. On October 27, 2020, the Company’s share price closed at a Class Period high of $317.14 per share. Plaintiff and other members of the Class purchased or otherwise acquired the Company’s securities relying upon the integrity of the market price of Alibaba’s securities and market information relating to Alibaba and have been damaged thereby.

Litigation

Alibaba

Settlement Fund

$433.5 Million

Description

As a result of the materially false and/or misleading statements and/or failures to disclose, Alibaba’s securities traded at artificially inflated prices during the Class Period. On October 27, 2020, the Company’s share price closed at a Class Period high of $317.14 per share. Plaintiff and other members of the Class purchased or otherwise acquired the Company’s securities relying upon the integrity of the market price of Alibaba’s securities and market information relating to Alibaba and have been damaged thereby.

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Litigation	Zoom Video Communications
Settlement Fund	$150 Million
Class Period	April 18, 2019 – April 6, 2020
Description	As a result of materially false or misleading statements and/or failure to disclose that Zoom did not have end to end encryption and ensuing data breaches, investors who purchased or otherwise acquired Zoom common stock or call options on Zoom common stock or sold the same are entitled to damages.

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