SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of BNP Paribas S.A. (BNPQY)
NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of BNP Paribas S.A. ("Paribas" or the "Company") (OTCMKTS: BNPQY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bnpqy.
The investigation concerns whether Paribas and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 5, 2017, The Wall Street Journal reported that the U.S. Department of Justice and the Federal Bureau of Investigation are investigating BNP Paribas, along with other banks, "for their roles in selling about $2 billion of debt for Mozambique." The article stated, in part, that "[f]inancial regulators in the U.S., the U.K. and Switzerland began probes into potential securities-law violations by the banks last year, after The Wall Street Journal reported the existence of irregularities in the Mozambican transactions. The newer U.S. inquiries widen the scope of the probes to include potential corruption and raise the possibility of criminal prosecution."
On this news, Paribas's American depositary receipt price has dropped as much as $0.73 per share, or 1.91%, during intraday trading on November 6, 2017.
If you are aware of any facts relating to this investigation, or purchased Paribas shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/bnpqy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz 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 Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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