TME ALERT: Tencent Music Entertainment Group Investors With Substantial Losses May Bring Class Action
SAN DIEGO – (COMMERCIAL THREAD) –Robbins Geller Rudman & Dowd LLP announces that investors who purchased shares of Tencent Music Entertainment Group (NYSE: TME) together with the defendants Goldman Sachs Group Inc. and the allegedly illegal transactions of Morgan Stanley from March 22, 2021 to March 29, 2021 inclusive (the ” Appeal period ”) have until December 27, 2021 to apply for appointment as lead applicant in Merson v. Goldman Sachs Group Inc., n ° 21-cv-08752 (SDNY), on Tencent Music class action lawsuit. Started October 26, 2021, Tencent Music A class action lawsuit accuses Goldman Sachs and Morgan Stanley of violations of the Securities Exchange Act of 1934.
If you wish to serve as the principal applicant of the Tencent Music class action lawsuit, please provide your information by clicking here. You can also contact Robbins Geller’s lawyer JC Sanchez by calling 800 / 449-4900 or emailing [email protected] The principal applicant’s requests for the Tencent Music The class action must be filed with the court no later than December 27, 2021.
CASE ALLEGATIONS: The Tencent Music The class action lawsuit alleges that Goldman Sachs and Morgan Stanley sold shares of Tencent Music to public shareholders after confidentially learning that Archegos Capital Management (“Archegos”), a family office with $ 10 billion under management, no. ‘failed (or was likely to fail) to meet a margin call, forcing it to completely liquidate its position in Tencent Music. The Tencent Music The class action lawsuit further alleges that Goldman Sachs and Morgan Stanley avoided billions in losses by exchanging this so-called material non-public information. As further alleged by the Tencent Music class action lawsuit, according to subsequent media reports, the defendants unloaded large blocks of operations consisting of shares of the doomed bets of Archegos, including billions of titles from Tencent Music, late Thursday March 25, 2021, before the Archegos story reached audiences, sending Tencent The music stock into a complete spin.
THE MAIN COMPLAINANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased shares of Tencent Music during the period covered by the appeal to seek appointment as a principal plaintiff in the Tencent Music class action lawsuit. A principal plaintiff is generally the plaintiff with the greatest financial interest in the remedy sought by the putative class which is also typical and adequate of the putative class. A lead applicant acts on behalf of all other class members by ordering Tencent Music class action lawsuit. The lead plaintiff can choose a law firm of their choice to litigate the Tencent Music class action lawsuit. The ability of an investor to participate in any potential future recovery of the Tencent Music to classify legal action does not depend on serving as the principal plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm representing investors in securities class actions. Robbins Geller lawyers have secured many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $ 7.2 billion – in In re Enron Corp. Dry. Litigation. The 2020 ISS Securities Class Action Services Top 50 report ranked Robbins Geller # 1 for recovering $ 1.6 billion from investors last year, more than double the amount recovered by any other company from securities claimants. Please visit http://www.rgrdlaw.com for more information.
Past results do not guarantee future results.
Services can be performed by lawyers in one of our offices.