DID YOU PURCHASE BAIDU ADR SHARES IN MARCH 2021?: Block & Leviton Is Investigating Goldman Sachs & Morgan Stanley For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
Boston, Massachusetts--(Newsfile Corp. - November 1, 2021) - Block & Leviton is investigating Goldman Sachs Group, Inc. and Morgan Stanley for potential securities law violations regarding trading in Baidu Inc. ADR (NASDAQ: BIDU). Investors who purchased shares between March 22 and 29, 2021 are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/bidu.
What is this all about?
During one week in late March 2021, investment banks Goldman Sachs and Morgan Stanley traded on inside information by selling large amounts of Baidu Inc. ADR (BIDU) stock based on then publicly undisclosed information obtained through their relationship with troubled multi-billion dollar family office Archegos Capital Management. Both banks avoided billions of dollars of losses by selling before the information was publicly available.
Shares of Baidu ADR stock fell over 20% during the week of March 22, 2021 to March 29, 2021.
Who is eligible?
Anyone who purchased Baidu ADR stock between March 22-29, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Goldman Sachs Group, Inc. and Morgan Stanley committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email email@example.com with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101564