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.
According to the Tencent Music Entertainment Group lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
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.
If you suffered a loss in Tencent Music Entertainment Group 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.