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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TX, TS, MAR, CURO and LOMA

NEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Ternium S.A. (NYSE: TX)
Class Period: May 1, 2014 to November 27, 2018
Lead Plaintiff Deadline: January 28, 2019

According to the complaint, Ternium S.A. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Defendant Paolo 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; (2) 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 (3) as a result, Ternium’s public statements were materially false and/or misleading at all relevant times.  

On November 27, 2018, Bloomberg reported that Rocca was indicted for his role in a graft scheme. According to the article, “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 officials were allegedly working for then-President Cristina Fernandez de Kirchner’s administration to speed up a compensation payment from Venezuela’s Hugo Chavez for the nationalization of Sidor, a unit that had been seized by Venezuela. Rocca’s group was compensated with $1.95 billion for the unit.”

Get additional information about the TX lawsuit: http://www.kleinstocklaw.com/pslra-1/ternium-s-a-loss-submission-form?wire=3

Tenaris S.A. (NYSE: TS)
Class Period: May 1, 2014 to November 27, 2018
Lead Plaintiff Deadline: February 11, 2019

Tenaris S.A. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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 (3) 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.

Get additional information about the TS lawsuit: http://www.kleinstocklaw.com/pslra-1/tenaris-s-a-loss-submission-form?wire=3

Marriott International, Inc. (NASDAQGS: MAR)
Class Period: November 9, 2016 to November 29, 2018
Lead Plaintiff Deadline: January 30, 2019

The lawsuit alleges that throughout the class period, Marriott International, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Marriott’s and Starwood’s systems storing their customers’ personal data were not secure; (2) there had been unauthorized access on Starwood’s network since 2014; (3) consequently, the personal data of approximately 500 million Starwood guests and the sensitive personal information of approximately 327 million of those guests may have been exposed to unauthorized parties; and (4) as a result, Marriott’s public statements were materially false and/or misleading at all relevant times.

Get additional information about the MAR lawsuit: http://www.kleinstocklaw.com/pslra-1/marriott-international-inc-loss-submission-form?wire=3

CURO Group Holdings Corp. (NYSE: CURO)
Class Period: July 31, 2018 to October 24, 2018
Lead Plaintiff Deadline: February 4, 2019

The complaint alleges that throughout the class period Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with a transition of its Canadian inventory to Open-Ended loans was having on the Company’s financial performance and 2018 full-year Company guidance. Because CURO’s Open-End Loans had a materially lower lending yield than the Single-Pay Products, and the portfolio of Open-End Loans was still immature and unseasoned, the up-front loan loss provisioning for these loans was far greater than publicly revealed (and the yield far lower). This caused the Company to materially overstate its 2018 projected financial results, including CURO’s adjusted EBITDA, net revenue and operating earnings.

Get additional information about the CURO lawsuit: http://www.kleinstocklaw.com/pslra-1/curo-group-holdings-corp-loss-submission-form?wire=3

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA)
Class Period: Purchasers of American Depositary Shares pursuant and/or traceable to the Company’s June 2017 IPO
Lead Plaintiff Deadline: February 4, 2019

The complaint alleges that the Registration Statement contained untrue statements of material fact and omitted material facts. In particular, the Registration Statement downplayed and misrepresented Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement Participações S.A. The Registration Statement further misrepresented a purported increased demand for Loma Negra’s cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand. The Registration Statement also misrepresented events and trends in the Argentinian economy, as well as Loma Negra’s exposure thereto. 

Get additional information about the LOMA lawsuit: http://www.kleinstocklaw.com/pslra-1/loma-negra-compania-industrial-argentina-sociedad-anonima-ads-loss-submission-form?wire=3

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

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