Bragar Eagel & Squire, PC Recalls
NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized law firm, reminds investors that a class action lawsuit has been filed against Tencent Music Entertainment Group (“Tencent Or the “Company”) (NYSE: TME) in the United States District Court for the Southern District of New York on behalf of all persons and entities who have purchased or otherwise acquired Tencent securities between March 22, 2021 and March 29, 2021, both dates inclusive (the “Recourse Period”). Investors have until December 27, 2021 to ask the court to be named lead plaintiffs in the lawsuit.
Click here to join the action.
According to the lawsuit, Goldman Sachs Group Inc. and Morgan Stanley sold a large amount of US Tencent Music (ADS) depository stock during the claim period while in possession of material non-public information. on Archegos Capital Management (at the time a family office with $ 10 billion under management) and its need to completely liquidate its position in Tencent Music due to pressure from margin calls. With those sales, the defendants in this case, Goldman Sachs and Morgan Stanley, avoided billions in combined losses.
If you have purchased or acquired Tencent shares and suffered a loss, are a long-term shareholder, have information, want to know more about these claims, or have questions regarding this announcement or your rights or interests in these questions, please contact Brandon Walker or Alexandra Raymond by email at [email protected], by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York City, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.
Bragar Eagel & Squire, PC
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.