A lawsuit was filed on behalf of investors in Tenaris S.A. (NYSE: TS) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/09/2019 -- An investor, who purchased shares of Tenaris S.A. (NYSE: TS), filed a lawsuit over alleged Securities Laws violations by Tenaris S.A. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Tenaris S.A. (NYSE: TS) have certain options and for certain investors are short and strict deadlines running. Deadline: February 11, 2019. NYSE: TS investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On November 27, 2018, an article was published alleging that Tenaris's Chairman and Chief Executive Officer Paolo Rocca, was indicted for his role in a graft scheme. Specifically the article alleges that, "the 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 plaintiff claims that between May 1, 2014 and November 27, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that Tenaris's CEO and Chairman, Paolo Rocca, knew that one of his company's executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Sidor, that this conduct would lead to Rocca being charged in a graft scheme, and subject Tenaris, its affiliates, and/or executives to heightened governmental scrutiny, and that as a result, Tenaris's public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Tenaris S.A. (NYSE: TS) have certain options and should contact the Shareholders Foundation.
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