Vipshop shareholders sue Goldman Sachs and Morgan Stanley for insider trading

Shareholders of Chinese e-commerce firm Vipshop Holdings Ltd. has filed a class-action lawsuit against Goldman Sachs and Morgan Stanley in New York for trading on inside information. Investors of the New York-listed Vipshop alleged that the two banking companies had sold large amounts of Vipshop shares in late March after confidentially learning troubles from Archegos Capital Management…
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