NEW YORK, October 29, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of buyers of securities of Tencent Music Entertainment Group (NYSE: TME) between March 22, 2021 and March 29 2021 inclusive (the âClass Periodâ). A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than December 27, 2021.
SO WHAT: If you purchased any titles from Tencent Music during the Class Period, you may be entitled to compensation without payment of any costs or direct charges under a contingency fee agreement.
WHAT TO DO NEXT: To join the Tencent Music class action lawsuit, go to http://www.rosenlegal.com/cases-register-2187.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than December 27, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, Goldman Sachs Group Inc. and Morgan Stanley sold a large amount of U.S. Tencent Music (ADS) depository shares during the Class Period while in possession of material non-public information. on Archegos Capital Management (at the time a family office with $ 10 billion under management) and its need to completely liquidate its position in Tencent Music due to the pressure of margin calls. With those sales, the defendants in this case, Goldman Sachs and Morgan Stanley, avoided billions in combined losses.
To join the Tencent Music class action lawsuit, go to http://www.rosenlegal.com/cases-register-2187.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827