SAN DIEGO, CA / ACCESSWIRE / November 24, 2021 / Shareholder rights law firm Robbins LLP reminds investors of the pending class action on behalf of all persons and entities that purchased or otherwise acquired Tencent Music Entertainment Group (NYSE:TME) securities between March 22, 2021 and March 29, 2021, for violations of the Securities Exchange Act of 1934.
If you purchased shares of Tencent Music Entertainment Group (TME) between March 22, 2021 and March 29, 2021, you have until December 27, 2021, to ask the court to appoint you lead plaintiff for the class.
Tencent Music Entertainment Group (TME) Shareholders Were Harmed When Goldman Sachs Group and Morgan Stanley Sold Shares
According to the complaint, Goldman Sachs Group Inc. and Morgan Stanley sold Tencent Music shares while in possession of material non-public information. Specifically, Goldman Sachs and Morgan Stanley knew Archegos Capital Management would need to fully liquidate its position in Tencent Music based on margin call pressures. Goldman Sachs Group and Morgan Stanley sold billions worth of Tencent securities with this knowledge, sending Tencent stock into a tailspin and avoiding billions in losses. When the market learned the truth, investors suffered damages.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Tencent Music Entertainment Group settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
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SOURCE: Robbins LLP
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