Lead Plaintiff Deadline: December 27, 2021
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Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Tencent Music shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Tencent Music 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 Tencent Music, investors suffered damages.
In order to be included in the lawsuit, you must have incurred a loss on shares of Tencent Music purchased during the class period listed above.
If you suffered a loss in Tencent Music during the relevant time frame, you have until December 27, 2021 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.