Hedin Hall

Class Action Complaint alleging "the unlawful use of material non-public information by Defendants Goldman Sachs and Morgan Stanley, who collectively avoided billions in losses by selling shares of Vipshop Holdings Ltd., a leading online discount retailer for brands in China, to Plaintiff and other unsuspecting and unwitting 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 the Company" in Chew King Tan v. Goldman Sachs Group Inc. and Morgan Stanley at the U. S. District Court for the Southern District of New York.