NEW YORK, NY / ACCESSWIRE / December 27, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA). Investors who purchased Discovery shares between March 22, 2021 and April 6, 2021 are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/disca.
The investigation concerns whether Discovery and certain of its officers and/or directors have violated federal securities laws.
According to media reports, in March 2021, The Goldman Sachs Group, Inc. ("Goldman Sachs") and Morgan Stanley confidentially learned that the family office Archegos Capital Management ("Archegos") had failed or was likely to fail to meet a margin call, requiring Archegos to liquidate its position in various companies, including Discovery. Trading on this non-public information, Goldman Sachs and Morgan Stanley reportedly avoided billions of dollars in losses on their Discovery investments by selling Company securities in late March 2021 before the market learned of Archegos's difficulties. When this information reached the market, the price of Discovery securities fell sharply, damaging Company investors.
If you are aware of any facts relating to this investigation, or purchased Discovery shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/disca. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC