U.SAt the same time, it also revoked all allegations to Alibaba's founder Ma Yun.
According to Reuters, the Federal Judge George Daniels in Manhattan, the United States, said on Wednesday (March 22) local time that Alibaba Group, created by Ma Yun, still has to face antitrust risks and exclusivity.There are accused accusations for false statements, but it has rejected the allegations of false statements in Alibaba's Ant Group's first public offering (IPO).
Daniels said in a 31 -page ruling that all allegations such as Ma Yun's facing inside transactions were also revoked.
Shareholders accused Alibaba conceal the regulatory concerns of ants when IPO. After that, the China government stopped in 2020 that Ant was ready to raise a listing plan of $ 37 billion (S $ 49 billion).Shareholders also accused Alibaba ask e -commerce to choose only one platform to open a store, but still insisted that they did not violate the antitrust law and unfair competition regulations.
In April 2021, the Chinese Market Supervision Administration accused Alibaba Group's violation of the Anti -Monopoly Law and fined 1,8228 billion yuan (S $ 3.538 billion) for the group.
Alibaba was accused of abusing the dominance of its domestic online retail platform service market, prohibiting or restricting merchants in the platform to open stores in other platforms, restricting market competition, infringing the legitimate rights and interests of merchants in the platform, and damage consumption consumptionInterest.
Alibaba responded at the time that "sincere acceptance, resolutely obey" related penalties, "will strengthen operations according to law, further strengthen the construction of the compliance system, based on innovation and development, and better fulfill social responsibility."
Daniels said that Alibaba's shareholders lack the basis for lawsuits from ants, because the listing has never been realized, and shareholders have never bought or sold any ant stocks.
He said that Alibaba's shareholders can still insist that they have not violated the Anti -Monopoly Law and unfair competition regulations, and sued Alibaba CEO Zhang Yong and former CEO of Alibaba.
Alibaba's shareholders claim that Alibaba's misleading remarks have triggered a decline in the stock price and caused them to suffer losses.The above -mentioned shareholders were lost from July 9 to December 23, 2020 to December 23.
