Lead Plaintiff Deadline: February 14, 2022
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According to the filed complaint: Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Baidu shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Baidu based on margin call pressures. The defendants avoided billions in losses by selling the Company’s shares while in possession of this information. When the market learned the truth about Baidu, investors suffered damages.
In order to be included in the lawsuit, you must have incurred a loss on shares of Baidu purchased during the class period listed above.
If you suffered a loss in Baidu during the relevant time frame, you have until February 14, 2022 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.