The lawsuits accused Alibaba of not disclosing before its 2014 IPO that officials had met with the Chinese government regarding alleged counterfeit products sold on its platforms
Alibaba Group Holding Ltd. has agreed to pay $250 million to resolve investors’ lawsuits that accused the company of not disclosing before its $25 billion initial public offering that officials had met with the Chinese government regarding alleged counterfeit products sold on its platforms.
Under the terms of the tentative settlement, which was granted initial approval in Manhattan federal court, Alibaba and executives named on the complaints, including company co-founders Jack Ma and Joe Tsai, deny all allegations of wrongdoing...
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Alibaba pays $250 million to settle lawsuit over pre-IPO counterfeiting warningAlibaba Group Holding Ltd said on Monday it will pay $250 million to settle a U....
Lire la suite »
Slack to spend at least $250 million on Amazon's cloud over five years — less than Pinterest or LyftSlack said in its IPO prospects that it's committed to spending at least $50 million a year on AWS through 2023.
Lire la suite »
I spent a day with a full-time Uber, Lyft and Juno driver in NYC—here's how much he earned in 9 hours'You want to be busy all the time,' says Al Castillo, who drives full-time for Uber, Juno and Lyft and who ordinarily makes about $250 a day. 'Our time is money.'
Lire la suite »
Alibaba pays $250 million to settle lawsuit over pre-IPO counterfeiting warningAlibaba Group Holding Ltd said on Monday it will pay $250 million to settle a U....
Lire la suite »
Pharma distributor Rochester Drug agrees to pay $20 million in first criminal opioid caseThe indictment marked the first ever federal criminal charges against company executives for conspiring to illegally distribute opioids.
Lire la suite »
Donald Trump agreed to pay North Korea $2 million for Otto Warmbier's hospital bills, report saysPresident Donald Trump reportedly approved a $2 million bill for imprisoned student Otto Warmbier's medical costs before he was returned to the U.S. and later died.
Lire la suite »
Slack files to bypass traditional IPO, reports $400 million in revenue, $138 million in lossesThe work messaging app narrowed its annual losses to 139 million this year.
Lire la suite »
Sudan military council and opposition agree on committee to resolve differencesSudan's opposition and ruling Transitional Military Council agreed late on ...
Lire la suite »
Uber is paying drivers up to $40,000 each to celebrate its IPOUber plans to pay out around $3 million to more than 1.1 million drivers ahead of its initial public offering.
Lire la suite »