SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Tenaris, S.A. (TS)
NEW YORK, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Tenaris, S.A. (“Tenaris” or the “Company”) (NYSE: TS). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/ts.
The investigation concerns whether Tenaris and certain of its officers and/or directors have violated federal securities laws.
On November 27, 2018, Bloomberg published a report saying that Tenaris’s Chairman and Chief Executive Officer Paolo Rocca was indicted for his role in a graft scheme. The report states that, “[t]he 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 article continued, “[t]he officials were allegedly working for then-President Cristina Fernandez de Kirchner’s administration to speed up a compensation payment from Venezuela . . . for the nationalization of Sidor, a unit that . . . Rocca’s group was [ultimately paid] $1.95 billion for[.]” Following this news, Tenaris’s stock dropped $2.64 per share or roughly 10% to close at $24.36 on November 27, 2018.
If you are aware of any facts relating to this investigation, or purchased Tenaris shares, you can assist this investigation by visiting the firm’s site: bgandg.com/ts. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | firstname.lastname@example.org