New York, New York--(Newsfile Corp. - November 26, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholdersof Tencent Music Entertainment Group.
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This lawsuit is on behalf of persons and entities that purchased or otherwise acquired shares of Tencent Music Entertainment Group("Tencent Music") (NYSE: TME) between March 22, 2021 and March 29, 2021.
Shareholders interested in representing the class of wronged shareholders have until December 27, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to the filed complaint: Goldman Sachs Group Inc. and Morgan Stanley 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 shares while in possession of this material, non-public information, the defendants avoided billions in losses.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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