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Goldman Sachs Group Inc. and Morgan Stanley are facing a class action lawsuit alleging that the companies sold a significant number of Tencent Music shares while aware that Archegos Capital Management would need to fully liquidate its position in Tencent Music based on margin call pressures. By selling while in possession of this material, non-public information, the defendants avoided billions in losses.
If you incurred a loss on TME stocks purchased between March 22, 2021 and March 29, 2021, this lawsuit is on your behalf. The lawsuit was filed in the United States District Court for the Southern District of New York, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until December 27, 2021 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
See If you Qualify for Monetary Reward
Loss Submission Form