SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tecnoglass Inc. - TGLS

NEW YORK, Jan. 6, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tecnoglass Inc. ("Tecnoglass" or the "Company") (NASDAQ: TGLS).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Tecnoglass and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On December 9, 2021, Hindenburg Research ("Hindenburg") published a report on Tecnoglass entitled "Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC."  The Hindenburg report described a series of red flags associated with Tecnoglass.  Citing a "months-long investigation [that] has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades," Hindenburg claimed to have "identified serious red flags regarding management and numerous undisclosed related party transactions that call the company's reported financial results into question." 

On this news, Tecnoglass's stock price fell $12.14 per share, or 36.02%, to close at $21.56 per share on December 9, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected] 
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

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