Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Loma Negra Compañía Industrial Argentina Sociedad Anónima To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Loma Negra Compañía Industrial Argentina Sociedad Anónima (“Loma Negra” or the “Company”) (NYSE:LOMA) of the February 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Loma Negra stock or options pursuant or traceable to the Company’s November, 2017 Initial Public Offering (“IPO) and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Loma Negra American Depository Shares (“ADS”) pursuant or traceable to the Company’s November, 2017 IPO. The case, Carmona v. Loma Negra Compania Industrial Argentina Sociedad Anonima, et al., No. 18-cv-11323 was filed on December 5, 2018.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by downplaying and misrepresenting Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner in its Registration Statement; misrepresenting 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; and misrepresenting events and trends in the Argentinian economy, as well as Loma Negra’s exposure.
Specifically, as the truth about the Company’s misrepresentations and omissions in the Registration Statement began to emerge, the Company’s share price fell significantly below its offering price—over 40% below its $19 offering as of December 5, 2018.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)
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Filed on 12/05/2018
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