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TME, FB & HMLP Class Actions: Bronstein,


GlobeNewswire Inc | Nov 30, 2021 10:00AM EST

November 30, 2021

NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links belowor you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Tencent Music Entertainment Group (NYSE: TME)Class Period: March 22, 2021 - March 29, 2021Deadline: December 27, 2021For more info:www.bgandg.com/tme. The complaint alleges that throughout the Class Period, Goldman Sachs and Morgan Stanley sold a large amount of Tencent shares while in possession of material, non-public information about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. As a result of these sales, Defendants Goldman Sachs and Morgan Stanleyavoided billions in losses combined.

Facebook, Inc. (NASDAQ: FB)Class Period: November 3, 2016 - October 4, 2021Deadline: December 27, 2021For more info:www.bgandg.com/fb. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts represented a greater portion of its growth than stated, and it should have provided more detailed disclosures as to the implication of duplicate accounts to Facebooks user base and growth; (3) Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system; (4) despite being aware of their use of Facebooks platforms, the Company failed to respond meaningfully to drug cartels, human traffickers, and violent organizations; (5) Facebook has been working to attract preteens to its platform and services; and (6) as a result, Defendants public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Hegh LNG Partners LP (NYSE: HMLP)Class Period: August 22, 2019 - July 27, 2021Deadline: December 27, 2021For more info:www.bgandg.com/hmlp. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (1) Hegh LNG Partners LP (the "Partnership") was facing issues with thePGN FSRULampung charter; (2) as a result, thePGN FSRU Lampungcharterer would state that it would commence arbitration to declare the charter null and void, and/or to terminate the charter, and/or seek damages; (3) the Partnership would need to find alternative refinancing for itsPGN FSRU Lampungcredit facility; (4) thePGN FSRULampung credit facility matured inSeptember 2021, notOctober 2021as previously stated; (5) the Partnership would be forced to accept less favorable refinancing terms with regards to thePGN FSRULampungcredit facility; (6) Hegh LNG would not extend the revolving credit line to the Partnership past its maturation date; (7) Hegh LNG would reveal that it "will have very limited capacity to extend any additional advances to the Partnership beyond what is currently drawn under the facility"; (8) as a result of the foregoing, the Partnership would essentially end distributions to common units holders; (9) the COVID-19 pandemic was not the sole or root cause of the Partnership's issues inIndonesia, in 2019, before the pandemic, there were already a very low amount of demand inIndonesiafor the Partnership's gas; (10) the auditing, tax, nor maintenance ofPGN FSRULampungwere not the sole or root cause(s) of the Partnership's issues inIndonesia; and (11) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Contact:Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Nathanson212-697-6484 | info@bgandg.com







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