{"id":10308,"date":"2021-12-03T15:58:18","date_gmt":"2021-12-03T20:58:18","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10308"},"modified":"2021-12-03T16:02:22","modified_gmt":"2021-12-03T21:02:22","slug":"goldman-sachs-and-morgan-stanley-sued-over-archegos-margin-call","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/goldman-sachs-and-morgan-stanley-sued-over-archegos-margin-call\/","title":{"rendered":"Goldman Sachs And Morgan Stanley Sued Over Archegos Margin Call"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"Vipshop Holdings, a Chinese e-commerce company has sued Goldman Sachs and Morgan Stanley in New York accusing both companies of utilizing inside information to dump blocks of shares of two companies under Archegos Capital Management earlier this year after the firm defaulted on margin calls in March of 2021. Vipshop accuses both firms of knowing in advance that Archegos\u2019 collapse was imminent, long before the information became public. In order to minimize their losses, the firms sold their shares prior to the news of the Archegos collapse. By doing so, the firms both avoided losses they would have suffered had they waited. Most of the shares sold by the firms were from two companies: Baidu Inc., a large Chinese tech company specializing in artificial intelligence (AI), Farfetch Ltd, an e-commerce company based in London that sells high-end luxury goods from boutiques around the world. Goldman Sachs and Morgan Stanley sold off these stocks between March 22, 2021, and March 29, 2021. Both firms knew that once the news became public that Archegos was unable to meet the margin call, they would be required to sell their stock in both Baidu Inc. and Farfetch Ltd. at a substantial loss. By selling large blocks of the two company\u2019s stocks ahead of time, both firms avoided these losses, at the expense of other investors.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Vipshop Holdings, a Chinese e-commerce company has sued Goldman Sachs and Morgan Stanley in New York accusing both companies of utilizing inside information to dump blocks of shares of two companies under Archegos Capital Management earlier this year after the firm defaulted on margin calls in March of 2021. <a href=\"https:\/\/www.silverlaw.com\/blog\/goldman-sachs-and-morgan-stanley-sued-over-archegos-margin-call\/#more-10308\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vipshop Holdings, a Chinese e-commerce company has sued Goldman Sachs and Morgan Stanley in New York accusing both companies of utilizing inside information to dump blocks of shares of two companies under Archegos Capital Management earlier this year after the firm defaulted on margin calls in March of 2021. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[],"class_list":["post-10308","post","type-post","status-publish","format-standard","hentry","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Goldman Sachs And Morgan Stanley Sued Over Archegos Margin Call &#8212;<\/title>\n<meta name=\"description\" content=\"Vipshop Holdings sued Goldman Sachs and Morgan Stanley, accusing them of using inside information to dump shares of companies under Archegos Capital Management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Archegos Margin Call &#8212;","description":"Vipshop Holdings sued Goldman Sachs and Morgan Stanley, accusing them of using inside information to dump shares of companies under Archegos Capital Management.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/goldman-sachs-and-morgan-stanley-sued-over-archegos-margin-call\/","twitter_card":"summary_large_image","twitter_title":"Goldman Sachs And Morgan Stanley Sued Over Archegos Margin Call &#8212;","twitter_description":"Vipshop Holdings sued Goldman Sachs and Morgan Stanley, accusing them of using inside information to dump shares of companies under Archegos Capital Management.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"4 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