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Rosen Law Firm Encourages Alibaba Group Holding Limited Investors to Inquire About Securities Class Action Investigation – BABA
The firm says Alibaba investors may have been misled after a Financial Times report triggered a 2.7% drop in American depositary shares.
On Wednesday, July 1, 2026, the Rosen Law Firm announced a class action lawsuit on behalf of Genius Group Limited investors covering securities transactions between April 12, 2022, and May 30, 2025.
The lawsuit alleges that Citadel Securities LLC and Virtu Americas LLC engaged in manipulative and illegal trading practices involving Genius securities, reportedly including "spoofing" to mislead market participants.
Defendants purportedly entered thousands of "baiting orders" to create false market impressions, allegedly inflating transaction costs for customers while allowing defendants to profit from Genius price movements.
Shareholders seeking to serve as lead plaintiff must file motions with the court by August 28, 2026, though investors do not need to take action to remain eligible for potential recovery.
Rosen Law Firm, which has secured over $2 billion for shareholders since its inception, is managing the case on a contingency fee basis, ensuring shareholders pay no out-of-pocket expenses.