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Alibaba to Pay $250 Million to Settle Pre-IPO Counterfeiting Lawsuit

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Alibaba may be accepting accolades for its efforts to protect IP rights, but the surfacing of years-old transgressions are proving troublesome for the e-commerce giant. On Monday, the Chinese firm said it would pay $250 million to settle a U.S. lawsuit alleging that it concealed a regulatory warning about its ability to control counterfeiting before…

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