Lawsuits against Goldman Sachs relating to Archegos

The collapse of the hedge fund Archegos had legal consequences for US investment bank Goldman Sachs. In connection with the US fund’s spring collapse, the bank has been sued for insider trading, according to Goldman Sachs in a notice to the US that was available on Monday – the Securities and Exchange Commission (SEC). The lawsuits were brought by the shareholders of three companies (Vipshop Holdings, GSX Tecedu and Tencent Music Entertainment Group).

In it, the bank is accused of selling shares in these companies on the basis of non-public information about Archegos.

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