Tencent Music Entertainment Group Class Action Lawsuit - TME

Company
Tencent Music Entertainment Group (NYSE: TME)
Lead Plaintiff Deadline
November 25, 2019 (Expired)
Class Period
December 12, 2018 - August 26, 2019

Expired

Lead Plaintiff Deadline

Nov 25, 2019

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Allegations

(1) Tencent Music’s exclusive licensing arrangements with major record labels were anticompetitive; (2) consequently, sublicensing such content from Tencent Music was unreasonably expensive, in violation of Chinese antimonopoly laws; (3) these anticompetitive efforts were reasonably likely to lead to regulatory scrutiny; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Eligibility

In order to be eligible to join the TME class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until November 25, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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