SAN DIEGO, CA / ACCESSWIRE / November 24, 2021 / Shareholder rights legislation agency Robbins LLP reminds traders of the pending class motion on behalf of all individuals and entities that bought or in any other case acquired Tencent Music Leisure Group (NYSE:TME) securities between March 22, 2021 and March 29, 2021, for violations of the Securities Trade Act of 1934.
In case you bought shares of Tencent Music Leisure Group (TME) between March 22, 2021 and March 29, 2021, you may have till December 27, 2021, to ask the court docket to nominate you lead plaintiff for the category.
For extra data, contact Aaron Dumas ((800) 350-6003) or click on right here. All illustration is on a contingency price foundation. Shareholders pay no charges or bills.
Tencent Music Leisure Group (TME) Shareholders Have been Harmed When Goldman Sachs Group and Morgan Stanley Bought Shares
In accordance with the criticism, Goldman Sachs Group Inc. and Morgan Stanley offered Tencent Music shares whereas in possession of fabric private data. Particularly, Goldman Sachs and Morgan Stanley knew Archegos Capital Administration would wish to totally liquidate its place in Tencent Music primarily based on margin name pressures. Goldman Sachs Group and Morgan Stanley offered billions price of Tencent securities with this information, sending Tencent inventory right into a tailspin and avoiding billions in losses. When the market discovered the reality, traders suffered damages.
About Robbins LLP: A acknowledged chief in shareholder rights litigation, the attorneys and employees of Robbins LLP have been devoted to serving to shareholders recuperate losses, enhance company governance constructions, and maintain firm executives accountable for his or her wrongdoing since 2002. To be notified if a category motion towards Tencent Music Leisure Group settles or to obtain free alerts when company executives interact in wrongdoing, join Inventory Watch in the present day.
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SOURCE: Robbins LLP
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