Levi & Korsinsky, LLP announces that a class action lawsuit has been filed on behalf of investors who purchased Discovery, Inc. (DISCA) securities between March 22, 2021 and March 29, 2021.
According to the Discovery, Inc. lawsuit, throughout the Class Period defendants Goldman Sachs and Morgan Stanley sold a large amount of Discovery shares during the class period while in possession of material, non-public information about Archegos Capital Management and its need to fully liquidate its position in the Company because of margin call pressure. As a result of these sales, Goldman Sachs and Morgan Stanley avoided billions in losses combined.
If you suffered a loss in Discovery, Inc. you have until March 8, 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.