An investigation for investors in ING Groep NV (ADR) (NYSE:ING) shares over potential securities laws violations by ING Groep NV was announced and NYSE:ING stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/27/2017 -- An investigation was announced for investors in ING Groep NV (ADR) (NYSE:ING) shares concerning ppotential securities laws violations by ING Groep NV in connection certain financial statements.
Investors who purchased shares of ING Groep NV (ADR) (NYSE:ING), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by ING Groep NV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
ING Groep NV reported that its Net Income increased from over 4.01 billion EUR in 2015 to over 4.65 billion EUR in 2016.
On March 22, 2017, ING Groep NV announced that it may face "significant" penalties in connection with a criminal investigation in the Netherlands related to corruption and money laundering. The investigation focuses on ING Groep NV's role in matters including unusual payments by VimpelCom Ltd. to a company owned by an Uzbek government official. In its annual report published earlier this month, ING Groep NV advised investors that the Company has also received related requests for information from U.S. authorities.
Shares of ING Groep NV (ADR) (NYSE:ING) closed on March 24, 2017 at $14.92 per share.
Those who purchased shares of ING Groep NV (ADR) have certain options and should contact the Shareholders Foundation.
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