San Diego, CA -- (SBWire) -- 02/16/2022 --Certain directors of Tencent Holdings Limited are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Tencent Holdings Limited (OTC: TCEHY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in OTC: TCEHY) stocks follows a lawsuit filed against Tencent Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in OTC: TCEHY stocks, concerns whether certain Tencent Holdings Limited directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Goldman Sachs and Morgan Stanley sold Tencent Holdings Limited (OTC: TCEHY) shares to public shareholders after confidentially learning that Archegos Capital Management ("Archegos"), 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 Tencent Music. The plaintiff further alleges that Goldman Sachs and Morgan Stanley avoided billions in losses by trading in this alleged material non-public information and that, according to subsequent media reports, the defendants unloaded large block trades consisting of shares of Archegos' doomed bets, including billions worth of Tencent Music securities, late Thursday, March 25, 2021, before the Archegos story reached the public, sending Tencent Music's stock into a complete tailspin.
Shares of Tencent Holdings Limited (OTC: TCEHY) declined from $82.85 per share on March 22, 2021 to $76.60 per share on March 24, 2021.
Those who purchased shares of Tencent Holdings Limited (OTC: TCEHY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
OTC:TCEHY Long Term Investor Alert: Investigation of Potential Wrongdoing at Tencent Holdings Limited
An investigation on behalf of current long term investors in Tencent Holdings Limited (OTC:TCEHY) shares over possible breaches of fiduciary duty by certain officers and directors was announced.