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Alibaba (BABA) stock broke new ground Tuesday, setting a record closing low for the mammoth 2014 IPO. Shares fell 0.9% to 84.69 on the stock market today, undercutting the prior closing low of 84.95 set on Oct. 14. A New York-based law firm filed a class action lawsuit against the Chinese e-commerce giant, accusing it of negligence in disclosing correct information prior to its IPO. Watch this video to get details of the continued criticism over Scalper1 News
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