Levi & Korsinsky, LLP announces that a VIPS class action lawsuit has been filed on behalf of investors who purchased Vipshop Holdings Ltd. (VIPS) securities between March 22, 2021 and March 29, 2021. For more on the VIPS Lawsuit please contact us today.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: Goldman Sachs and Morgan Stanley sold a large amount of block of shares during the Class Period while in possession of material, non-public information about Archegos after confidentially learning it was likely failing to meet margin calls. As a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.
If you suffered a loss in you have until December 13, 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.