Mehr, Fairbanks & Peterson Trial Lawyers, PLLC Announces Investigation of Claims Against Alibaba Group Holding Limited

LEXINGTON, KY / ACCESSWIRE / May 26, 2016 / The law firm of Mehr, Fairbanks & Peterson Trial Lawyers, PLLC has commenced an investigation of Alibaba Group Holding Ltd. (NYSE: BABA) (“Alibaba” or “the Company”) following reports that the SEC is investigating its accounting practices. For additional information about this investigation, or to request information about this investigation online, please visit www.mehrfairbanks.com/alibaba/.

“Earlier this year, the U.S. Securities and Exchange Commission, or SEC, informed us that it was initiating an investigation into whether there have been any violations of federal securities law,” the Company disclosed in a May 24, 2016 financial filing. The SEC has requested documents and information regarding the Company’s consolidation practices, related party transactions, and reporting of its most profitable sales day, Singles’ Day. Alibaba shares dropped approximately 7% yesterday following this disclosure.

If you purchased Alibaba’s American Depositary Shares (the Alibaba stock that trades on the New York Stock Exchange) before May 25, 2016 and wish to discuss this investigation and your legal options, please contact attorney Erik Peterson of Mehr, Fairbanks & Peterson Trial Lawyers, PLLC at (800) 249-3731 or via e-mail at contact@austinmehr.com. For additional information about this investigation, or to request information about this investigation online, please visit www.mehrfairbanks.com/alibaba/.

For more information about Mehr, Fairbanks & Peterson Trial Lawyers, PLLC, or for additional information about participating in this action, please visit www.mehrfairbanks.com. This is an advertisement.

CONTACT:

Mehr, Fairbanks & Peterson Trial Lawyers, PLLC
Erik D. Peterson, Esq.
201 W. Short Street, STE 800
Lexington, KY 40502
1-800-249-3731 (toll free)
contact@austinmehr.com

SOURCE: Mehr, Fairbanks & Peterson Trial Lawyers, PLLC

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