NEW YORK–(COMMERCIAL THREAD) – Adtorney Advertising – Bronstein, Gewirtz & Grossman, LLC informs investors that a class action lawsuit has been filed against Goldman Sachs Group Inc. (âGoldman Sachsâ) and Morgan Stanley (âMorgan Stanleyâ) on behalf of the buyers of Tencent Music Entertainment Group (âTencentâ or âthe Companyâ) (NYSE: TME) American Depository Shares (ADS) between March 22, 2021 and March 29, 2021 inclusive (the âClass Periodâ). These investors are encouraged to join this business by visiting the company’s website: www.bgandg.com/tme.
This class action lawsuit seeks to recover damages against the defendants for alleged violations of federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, Goldman Sachs and Morgan Stanley sold a large amount of Tencent shares while in possession of material and non-public information about Archegos and its need to completely liquidate its. position in the Company due to pressure from margin calls. As a result of these sales, the defendants Goldman Sachs and Morgan Stanley avoided billions of losses combined.
A class action has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website: www.bgandg.com/tme or you can contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you have suffered a loss in Tencent you have until December 27, 2021 to ask the Tribunal to appoint you as the principal applicant. Your ability to participate in any recovery does not require you to serve as the lead applicant.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our main expertise is the aggressive pursuit of contentious claims on behalf of our clients. In addition to representing institutions and other plaintiff investors in security class actions, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Lawyer advertising. Past results do not guarantee similar results.