Banks & Trusts China Civil Class Action Complaint Courts Documents Fraud Investment United States District Court for the Southern District of New York USAOctober 12, 2021

Chew King Tan v. Goldman Sachs Group Inc. et al: Class Action Complaint

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.


    • 20
    October 12, 2021
    Goldman Sachs Group Inc., Morgan Stanley
    Chew King Tan
    Xx Xx Xx
    Banks & Trusts, Investment
    Fraud
    Thomas Laughlin, Hedin Hall, Scott+Scott

    Topics

    Banks & Trusts China Fraud Investment USA

    Keywords

    Archegos Capital Management Chew King Tan Goldman Sachs Morgan Stanley Vipshop Holdings