Lawsuit filed for Investors in shares of Vipshop Holdings Limited (NYSE: VIPS)

An investor, who purchased shares of Vipshop Holdings Limited (NYSE: VIPS), filed a lawsuit over alleged violations of Federal Securities Laws by Goldman Sachs and Morgan Stanley.

Investors who purchased shares of Vipshop Holdings Limited (NYSE: VIPS) have certain options and for certain investors are short and strict deadlines running. Deadline: December 13, 2021. NYSE: VIPS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Both Goldman Sachs and Morgan Stanley are global financial services institutions that served as prime brokers for Archegos Capital Management ("Archegos"), a family office with $10 billion under management, helping Archegos make trades and lending it capital in the form of margin lending.

Shares of Vipshop Holdings Limited (NYSE: VIPS) declined from $46.00 per share on March 23, 2021, to as low as $24.98 per share on March 26, 2021.

The plaintiff claims that between March 22, 2021 and March 29, 2021, Goldman Sachs and Morgan Stanley sold a large amount of Vipshop shares between March 22, 2021 and March 29, 2021 while in possession of material, non-public information about Archegos and its need to fully liquidate its position in the Company because of margin call pressure, and that as a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.

Those who purchased shares of Vipshop Holdings Limited (NYSE: VIPS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.