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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

SHAREHOLDER ALERT: Robbins LLP Informs Investors of Class Action on Behalf of Tencent Music Entertainment Group (TME) Shareholders

November 2, 2021 GMT

SAN DIEGO--(BUSINESS WIRE)--Nov 2, 2021--

Shareholder rights law firm Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Tencent Music Entertainment Group (NYSE: TME) securities between March 22, 2021 and March 29, 2021, for violations of the Securities Exchange Act of 1934.

If you own shares of Tencent Music Entertainment Group and suffered a loss, click here.

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Tencent Music Entertainment Group (TME) Shareholders Harmed When Goldman Sachs Group and Morgan Stanley Sold Shares

According to the complaint, Goldman Sachs Group Inc. and Morgan Stanley sold Tencent Music shares while in possession of material non-public information. Specifically, Goldman Sachs and Morgan Stanley knew Archegos Capital Management would need to fully liquidate its position in Tencent Music based on margin call pressures. Goldman Sachs Group and Morgan Stanley sold billions worth of Tencent securities with this knowledge, sending Tencent stock into a tailspin and avoiding billions in losses. When the market learned the truth, investors suffered damages.

If you purchased shares of Tencent Music Entertainment Group (TME) between March 22, 2021 and March 29, 2021, you have until December 27, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form

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About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Tencent Music Entertainment Group settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211102006290/en/

CONTACT: Aaron Dumas

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

adumas@robbinsllp.com

(800) 350-6003

www.robbinsllp.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Robbins LLP

Copyright Business Wire 2021.

PUB: 11/02/2021 04:00 PM/DISC: 11/02/2021 04:02 PM

http://www.businesswire.com/news/home/20211102006290/en