BUSINESS: INVESTOR ALERT – Scott+Scott Attorneys At Law LLP Files Securities Claim Against Goldman Sachs Group Inc. And Morgan Stanley

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

By Daniel Webster. dWeb.News Publisher

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) — Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit against Goldman Sachs Group Inc. (“Goldman Sachs”) and Morgan Stanley (“Morgan Stanley”), alleging violations of SSSS20A, 10(b), and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. SSSS78t-1, 78j(b), and 78t(a), and Securities and Exchange Commission (SEC) Rule 10b-5 promulgated thereunder, 17 C.F.R. SS240.10b-5. If you purchased Vipshop Holdings Ltd. (“Vipshop” or the “Company”) (NYSE: VIPS) American Depository Shares (ADS) between March 22, 2021 and March 29, 2021, inclusive (the “Class Period”), and have suffered significant losses, realized or unrealized, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information.

Both Goldman Sachs and Morgan Stanley are global financial services institutions that served as prime brokers for Archegos Capital Management (“Archegos”), a family office with $10 billion under management, helping Archegos make trades and lending it capital in the form of margin lending.

According to the Complaint Goldman Sachs was able to sell large amounts of Vipshop shares in the Class Period, while Morgan Stanley had access to material, non-public information regarding Archegos, and the need to liquidate its entire position in the Company due to margin call pressure. These sales resulted in Defendants Morgan Stanley and Goldman Sachs avoiding billions of dollars in losses.

Lead Plaintiff Deadline

The Lead Plaintiff deadline in this action is December 13, 2021. Any member of the proposed class may apply to be the Lead Plaintiff through any counsel they choose, or they can remain a member. The case is pending in the Southern District of New York under docket number 1: 21-cv-08413.

What You Can Do

If you purchased Vipshop common stock during the Class Period, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com.

About Scott+Scott

Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents individuals, pension funds, foundations, and other entities around the world with offices in New York and London.

This may be considered attorney advertising.

CONTACT:
Jonathan Zimmerman
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 17th Floor, New York, NY 10169-1820
(888) 398-9312
jzimmerman@scott-scott.com

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The post BUSINESS: INVESTOR ALERT – Scott+Scott Attorneys At Law LLP Files Securities Claim Against Goldman Sachs Group Inc. And Morgan Stanley appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News

The post BUSINESS: INVESTOR ALERT – Scott+Scott Attorneys At Law LLP Files Securities Claim Against Goldman Sachs Group Inc. And Morgan Stanley appeared first on dWeb.News dWeb.News from Daniel Webster Publisher dWeb.News – dWeb Local Tech News and Business News

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