Shareholder class action

By Order dated March 13, 2023, Judge Vasquez of the United States District Court for the District of New Jersey appointed Bottini & Bottini sole lead counsel in the Iris Energy shareholder class action lawsuit.

Bottini & Bottini is a member of Plaintiffs' Executive Committee in this securities class action on behalf of all persons who purchased or otherwise acquired Alibaba American Depository Shares (“ADS”) pursuant or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with Alibaba’s September 2014 initial public stock offering (the “IPO” or “Offering”).

Bottini & Bottini filed a shareholder class action on Nov. 22, 2013 in the Superior Court of California for the County of San Mateo on behalf of shareholders who bought stock in Envivio traceable to the Company's April 24, 2012 IPO.
After surviving defendants' demurrers, certifying the class, and engaging in substantial discovery, the case was settled for $8.5 million in January 2015. The settlement was approved by the Hon. Marie Seth Weiner and a final judgment was entered on June 22, 2015.