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Press Release: TENARIS LOSSES ALERT: Rosen Law Firm Continues to Investigate Securities Claims Against Tenaris S.A. – TS


NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tenaris S.A. (NYSE: TS) resulting from allegations that Tenaris may have issued materially misleading business information to the investing public.On November 27, 2018, Bloomberg reported that Tenaris’s Chairman and Chief Executive Officer Paolo Rocca was indicted for his role in a graft scheme. According to the article, “[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 stated “[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[.]” The judge set a $103 million bond and banned Rocca from leaving the country. On this news, Tenaris’s stock fell $2.64 per share or nearly 10% to close at $24.36 per share on November 27, 2018.Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Tenaris investors. If you purchased shares of Tenaris please visit the firm’s website at https://www.rosenlegal.com/cases-1459.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on T...


Posted: 2018-12-06 20:06:00

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Press Release: TENARIS LOSSES ALERT: Rosen Law Firm Continues to Investigate Securities Claims Against Tenaris S.A. – TS | Globe NewsWire News Distribution Service | RobinsPost News Network - Newscast

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NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tenaris S.A. (TS) ...

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