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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Tenaris S.A. Investors (TS)

November 30, 2018

LOS ANGELES--(BUSINESS WIRE)--Nov 29, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Tenaris S.A. (“Tenaris” or the “Company”) (NYSE: TS ) investors concerning the Company and its officers’ possible violations of federal securities laws.

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On November 27, 2018, Bloomberg published an article 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.” On this news, Tenaris’ share price fell $2.64, or nearly 10%, to close at $24.36 per share on November 27, 2018, thereby injuring investors.

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If you purchased Tenaris, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005872/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York

Lesley Portnoy, 310-201-9150 or 888-773-9224

shareholders@glancylaw.com

www.glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2018.

PUB: 11/29/2018 08:20 PM/DISC: 11/29/2018 08:20 PM

http://www.businesswire.com/news/home/20181129005872/en

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