Goldman Sachs Group Inc. and Morgan Stanley are facing a class action lawsuit alleging that Goldman Sachs Group Inc. and Morgan Stanley sold a significant number of Vipshop shares while aware that Archegos Capital Management would need to fully liquidate its position in Vipshop based on margin call pressures. By selling shares while in possession of this material, non-public information, the defendants avoided billions in losses.
If you incurred a loss on VIPS 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 13, 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.
Enter the following information for this class action case- the deadline is approaching.