A lawsuit was filed on behalf of investors in Ternium S.A. (NYSE: TX) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/10/2018 -- An investor, who purchased shares of Ternium S.A. (NYSE: TX), filed a lawsuit over alleged violations of Federal Securities Laws by Ternium S.A in connection with certain allegedly false and misleading statements made between May 1, 2014 and November 27, 2018.
Investors in shares of Ternium S.A. (NYSE: TX) have certain options and for certain investors are short and strict deadlines running. Deadline: January 28, 2019. NYSE: TX 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 Ternium's Chairman 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 alleges on behalf of purchasers of Ternium S.A. (NYSE: TX) common shares between May 1, 2014 and November 27, 2018, that the defendants violated Federal Securities Laws. More specifically, 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 Defendant Rocca, Ternium's Chairman, 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 Ternium's Sidor unit, that this conduct would lead Rocca to be charged in a graft scheme and subject Ternium, its affiliates, and/or its executives to heightened governmental scrutiny, and that as a result, Ternium's public statements were materially false and/or misleading at all relevant times
Those who purchased shares of Ternium S.A. (NYSE: TX) have certain options and should contact the Shareholders Foundation.
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