Purchasers Of Vipshop Holdings American Depositary Shares Between March 22, 2021 And March 29, 2021 Are Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether Goldman Sachs Group Inc. (“Goldman Sachs”) and Morgan Stanley (“Morgan Stanley”) violated federal securities laws.
On October 12, 2021, a class action lawsuit was filed against Goldman Sachs and Morgan Stanley in United States District Court, Southern District of New York, based, according to the complaint, on the alleged, unlawful use of material non-public information by Defendants Goldman Sachs and Morgan Stanley.
According to the class action complaint, Goldman Sachs and Morgan Stanley “avoided billions in losses” by selling shares of Vipshop Holdings Ltd. (“Vipshop”) (NYSE: VIPS) to the Plaintiff and other unsuspecting public shareholders, after confidentially learning that Archegos Capital Management, a family office with $10 billion under management, failed (or was likely to fail) to meet a margin call, requiring it to fully liquidate its position in Vipshop.