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 Using Confidential Information to Sell Shares of Chinese Music Platform
This suit was surfaced by Law.com Radar. Read the complaint here.
October 27, 2021 at 09:45 AM
1 minute read
Goldman Sachs Group and Morgan Stanley were slapped with a securities class action Tuesday in New York Southern District Court over insider trading claims. The lawsuit, brought by Scott + Scott and other law firms, accuses the defendants of improperly selling shares of online retailer Tencent Music Entertainment Group based on confidential information in order to avoid billions of dollars in losses. Counsel have not yet appeared for the defendants. The case is 1:21-cv-08752, Merson v. Goldman Sachs Group Inc et al
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