Energy News / Shareholders Foundation, Inc.

NYSE:TS Shareholder Notice: Lawsuit Alleges Misleading Statements at Tenaris S.A.

Via: ReleaseWire

Updated 11:45 AM CST, Wed, January 09,2019

A lawsuit was filed on behalf of investors in Tenaris S.A. (NYSE: TS) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 01/09/2019 -- An investor, who purchased shares of Tenaris S.A. (NYSE: TS), filed a lawsuit over alleged Securities Laws violations by Tenaris S.A. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Tenaris S.A. (NYSE: TS) have certain options and for certain investors are short and strict deadlines running. Deadline: February 11, 2019. NYSE: TS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On November 27, 2018, an article was published alleging that Tenaris's Chairman and Chief Executive Officer Paolo Rocca, was indicted for his role in a graft scheme. Specifically the article alleges that, "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 plaintiff claims that between May 1, 2014 and November 27, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that 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, that 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 that 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.

Those who purchased shares of Tenaris S.A. (NYSE: TS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysets-shareholder-notice-lawsuit-alleges-misleading-statements-at-tenaris-sa-1118883.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com