Pomerantz Investigates Alibaba for Securities Fraud Claims

Law firm Pomerantz LLP has launched an investigation into Alibaba Group Holding Limited regarding potential securities fraud or other unlawful business practices by the company and some of its officers and/or directors.

The probe follows a report on June 24, 2026, where AI company Anthropic accused Alibaba of illicitly obtaining access to its Claude AI model. The report alleged that Alibaba created fake accounts to access the model, which is not offered to Chinese groups.

Following this news, Alibaba's American Depositary Receipt (ADR) price fell $7.53 per ADR, or 7.34%, over two trading sessions, closing at $95.07 per ADR on June 25, 2026.

Pomerantz is advising investors in Alibaba Group Holding Limited to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980, for more information regarding a potential class action.