Recall of the class action lawsuit by musical entertainment group Tencent | 2021-10-31 | Press Releases
James (Josh) Wilson, Securities Litigation Partner, encourages investors who have suffered losses greater than $ 50,000 at Tencent to contact him directly to discuss their options
New York, New York – (Newsfile Corp. – October 31, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Tencent Music Entertainment Group (“Tencent” or the “Company”) (NASDAQ: TME) and reminds investors of the December 27, 2021 deadline to apply as lead plaintiff in a federal securities class action lawsuit that has been filed against the Company.
If you suffered losses greater than $ 50,000 while investing in Tencent stocks or options between March 22, 2021 and March 29, 2021 and want to discuss your legal rights, call partner Faruqi & Faruqi Josh Wilson directly To 877-247-4292 Where 212-983-9330 (ext. 1310). You can also click here for more information: www.faruqilaw.com/TME.
There is no cost or obligation for you.
Faruqi & Faruqi is a leading national minority and women-owned securities law firm, with offices in New York, Delaware, Pennsylvania, California and Georgia.
According to the Complaint, Goldman Sachs and Morgan Stanley sold a large amount of Tencent shares during the Class Period while in possession of material and non-public information about Archegos and its need to fully liquidate its position in the Company due to the pressure of margin calls. With those sales, defendants Goldman Sachs and Morgan Stanley avoided billions in combined losses.
On this news, shares of Tencent Music Entertainment Group fell more than 33% in the week of March 22, 2021 to March 29, 2021.
The principal plaintiff appointed by the court is the investor with the greatest financial interest in the remedy sought by the group, who is adequate and typical of the members of the group who are directing and supervising the litigation on behalf of the putative group. Any putative class member can propose to the court to serve as lead plaintiff through any lawyer they choose, or they can choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Tencent’s conduct to contact the company, including whistleblowers, former employees, shareholders, and others.
Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated confidentially.
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