Class Action Reports

TME Class Action: Learn About the Tencent Music Lawsuit

Levi & Korsinsky, LLP

November 2, 2021

Levi & Korsinsky, LLP announces that a TME class action lawsuit has been filed on behalf of investors who purchased Tencent Music Entertainment Group(TME) securities between March 22, 2021, and March 29, 2021.  For more on the TME Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Tencent Music lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: 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.

 

TO LEARN MORE ABOUT THE TME CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Tencent Music 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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com