IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Tenaris S.A. & Encourag...
December 12 2018 - 1:17PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
Tenaris S.A. (“Tenaris” or “the Company”) (NYSE: TS) for violations
of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and
Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company's shares between May 1, 2014
and November 27, 2018, inclusive (the “Class Period”), are
encouraged to contact the firm before February 11, 2019.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. Tenaris Chairman and CEO Paolo
Rocca had knowledge of his company’s executives paying cash bribes
to officials between 2009 to 2012 to speed up payments related to
the sale of the Sidor division. The cash bribes resulted in Rocca
faces charges for a graft scheme. Based on these facts, the
Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth
about Tenaris, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20181212005769/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.www.schallfirm.com310-301-3335info@schallfirm.com
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