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China’s Alibaba said on Friday (Oct 25) it had agreed to pay $433.5 million (S$572.6 million) to settle a US class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation. The proposed settlement was filed in
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Alibaba to pay $572.6 million to settle shareholder lawsuit over monopoly claims, World News
Tami Mayoral
10:22
China’s Alibaba said on Friday (Oct 25) it had agreed to pay $433.5 million (S$572.6 million) to settle a US class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation. The proposed settlement was filed in
