Press conference of goldman sachs, press wall with logo and microphones, conceptual editorial 3D rendering.Novikov Aleksey/Shutterstock.com Goldman Sachs, Morgan Stanley Accused of Ducking 'Billions in Losses' in Insider Trading Suit
This suit was surfaced by Law.com Radar. Read the complaint here.
October 12, 2021 at 09:50 PM
1 minute read
Goldman Sachs Group and Morgan Stanley were hit with a securities class action Tuesday in New York Southern District Court over insider trading claims. The complaint, filed by Scott + Scott and other plaintiff firms, accuses the defendants of improperly selling shares of online retailer Vipshop Holdings based on confidential information to avoid billions of dollars in losses. Counsel have not yet appeared for the defendants. The case is 1:21-cv-08413, Tan v. Goldman Sachs Group Inc. et al.
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