The investigation centers on reports that Alibaba orchestrated the creation of fraudulent accounts to access Claude, a model Anthropic does not officially offer to Chinese entities. Following the Financial Times report on June 24, 2026, regarding these allegations, Alibaba’s American Depositary Shares dropped 2.7 percent.
Rosen Law Firm is currently vetting potential claimants for a class action suit aimed at recovering investor losses. The firm, led by Laurence Rosen and Phillip Kim, claims to hold a significant track record in securities litigation involving Chinese companies. Investors who purchased securities during the relevant period are being directed to the firm’s portal to participate in the prospective action under a contingency fee arrangement.
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