New York, New York – (Newsfile Corp. – November 8, 2021) – The following statement is released by Levi & Korsinsky, LLP:
To: Any person or entity who has purchased or otherwise acquired securities of Tencent Music Entertainment Group (“Tencent Music”) (NYSE: TME) between March 22, 2021 and March 29, 2021. You are hereby notified that a securities class action lawsuit has been brought in the United States District Court for the Southern District of New York. For more information, visit:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or obligation for you.
Tencent Music Entertainment Group NEWS – TME NEWS
CASE DETAILS: According to the complaint filed: Goldman Sachs Group Inc. and Morgan Stanley sold a large number of shares of Tencent Music while in possession of material non-public information. The defendants knew that Archegos Capital Management would have to completely liquidate its position in Tencent Music due to pressure on margin calls. The defendants avoided billions in losses by selling the shares of the company despite being in possession of this information. When the market learned the truth about Tencent Music, investors suffered damage.
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss in Tencent Music, you have up to December 27, 2021 ask the court to appoint you as the principal plaintiff. Your ability to participate in any recovery does not require you to serve as the principal applicant.
NO COT FOR YOU: If you purchased Tencent Music titles between March 22, 2021 and March 29, 2021, you may be entitled to compensation without payment of any fees or charges.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this brief submission form:
or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars to shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by companies.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington, DC The firm’s founding partners, Joseph Levi and Eduard Korsinsky, have represented shareholders and institutional clients since nearly 20 years and have achieved remarkable results for clients in the United States and abroad. The firm, which has more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those we represent. Our lawyers have extensive expertise in representing investors in securities litigation with a history of recovering hundreds of millions of dollars in cases. Levi & Korsinsky has been ranked in the Institutional Shareholder Services (âISSâ) SCAS Top 50 Report for 7 consecutive years as one of the top securities litigation firms in the United States. The SCAS Top 50 report identifies the leading plaintiff securities law firms in the country, and year after year ISS has recognized Levi & Korsinsky as a leading firm in the field of securities class actions.
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