A lawsuit was filed on behalf of investors in Abengoa SA (ADR) (NASDAQ:ABGB) shares over alleged securities laws violations and NASDAQ:ABGB investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/31/2015 -- The Shareholders Foundation announced that an investor in shares of Abengoa SA (ADR) (NASDAQ:ABGB), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Abengoa SA.
Investors who purchased shares of Abengoa SA (ADR) (NASDAQ:ABGB) have certain options and for certain investors are short and strict deadlines running. Deadline: October 9, 2015. NASDAQ:ABGB investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The plaintiff claims that between November 12, 2014 and August 2, 2015 Abengoa SA and certain of its past and present executive officers and directors have allegedly misrepresented the liquidity of Abengoa's balance sheet in corporate reports filed with the SEC and during conference calls with financial analysts.
On August 3, 2015, Abengoa SA disclosed plans to sell assets worth 500 million euros and to call a shareholder vote relating to a capital increase with pre-emptive rights of 650 million euros. According to Abengoa SA the proceeds from the transactions will be used to reduce corporate debt. Shares of Abengoa SA (ADR) (NASDAQ:ABGB) declined from $16.01 per share on July 16, 2015, to as low as $7.67 per share on August 3, 2015.
Those who purchased shares of Abengoa SA (ADR) (NASDAQ:ABGB) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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