UK markets close in 3 hours
  • FTSE 100

    7,357.00
    +17.10 (+0.23%)
     
  • FTSE 250

    23,271.24
    +33.07 (+0.14%)
     
  • AIM

    1,200.69
    +0.64 (+0.05%)
     
  • GBP/EUR

    1.1675
    -0.0072 (-0.61%)
     
  • GBP/USD

    1.3200
    -0.0042 (-0.32%)
     
  • BTC-GBP

    37,219.38
    -1,568.65 (-4.04%)
     
  • CMC Crypto 200

    1,281.72
    -39.56 (-2.99%)
     
  • S&P 500

    4,686.75
    +95.08 (+2.07%)
     
  • DOW

    35,719.43
    +492.40 (+1.40%)
     
  • CRUDE OIL

    72.32
    +0.27 (+0.37%)
     
  • GOLD FUTURES

    1,784.60
    -0.10 (-0.01%)
     
  • NIKKEI 225

    28,860.62
    +405.02 (+1.42%)
     
  • HANG SENG

    23,996.87
    +13.21 (+0.06%)
     
  • DAX

    15,745.22
    -68.72 (-0.43%)
     
  • CAC 40

    7,060.06
    -5.33 (-0.08%)
     

VIPS Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Vipshop Holdings Ltd. Shareholders of Class Action and Encourages Investors to Contact the Firm

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, October 20, 2021--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Goldman Sachs Group Inc. ("Goldman Sachs") and Morgan Stanley ("Morgan Stanley") and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Vipshop Holdings Ltd. ("Vipshop" or the "Company") (NYSE: VIPS) American Depository Shares (ADS) between March 22, 2021 and March 29, 2021, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/vips.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, Defendants traded while in possession of material non-public information and that: (1) Defendants obtained the material non-public information pursuant to their agreements with Archegos Capital Management's ("Archegos") and as a result of their serving as prime brokers of Archegos. (2) Defendants knew, recklessly disregarded, or should have known that they owed a fiduciary duty, or obligation arising from a similar relationship of trust and confidence, to Archegos to keep the information confidential. (3) Nevertheless, while in possession of material, non-public adverse information, Defendants collectively sold billions of dollars' worth of Company shares. Later, when the information became publicly known, the price of the Company's common stock declined sharply as a result of such disclosure.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/vips or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Vishop you have until December 13, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020005003/en/

Contacts

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting