Tenaris Losses Alert: Bernstein Liebhard LLP Announces Investigation Of Tenaris S.A. - TS
NEW YORK, Nov. 28, 2018 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Tenaris S.A. ("Tenaris" or the "Company") (NYSE: TS) resulting from allegations that Tenaris and/or its executives may have issued materially misleading business information to the investing public.
If you purchased Tenaris securities, and/or would like to discuss your legal rights and options, please visit Tenaris Shareholder Investigation or contact Daniel Sadeh toll free at (877) 779-1414 or [email protected].
On November 27, 2018, Bloomberg reported that Tenaris' Chairman and Chief Executive Officer Paolo Rocca was indicted for his role in a graft scheme. According to the article, "[t]he judge charged Rocca after the Argentine billionaire testified that one of his company's executives paid an undisclosed amount of cash to government officials in monthly installments from 2009 to 2012." The article stated that "[t]he officials were allegedly working for then-President Cristina Fernandez de Kirchner's administration to speed up a compensation payment from Venezuela[]...for the nationalization of Sidor, a unit that...Rocca's group was [ultimately paid] $1.95 billion for[.]" The judge set a $103 million bond and banned Rocca from leaving the country.
On this news, Tenaris' stock fell $2.64 per share or nearly 10% to close at $24.36 per share on November 27, 2018, damaging investors.
If you purchased Tenaris securities, and/or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/tenaris-sa-ts-lawsuit-class-action-fraud-stock-94/ or contact Daniel Sadeh toll free at (877) 779-1414 or [email protected].
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
[email protected]
SOURCE Bernstein Liebhard LLP
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