LOS ANGELES–(BUSINESS WIRE)–$LOMA #CLASSACTION—Glancy
Prongay & Murray LLP (“GPM”), a global investors rights law
firm, announces that a class action lawsuit has been filed on behalf of
investors that purchased or otherwise acquired Loma Negra Compania
Industrial Argentina Sociedad Anonima (“Loma” or the “Company”)
securities pursuant or traceable to the Company’s November 2017 initial
public offering. Loma investors have until February 4, 2019 to
file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to
The complaint filed in this class action alleges that the Company misled
investors by: (1) downplaying and misrepresenting Loma Negra’s exposure
to a massive, ongoing corruption scandal engulfing its majority owner,
InterCement Participacoes S.A.; (2) 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, as well as the purported benefits to Loma Negra from that
increased demand; (3) misrepresenting events and trends in the
Argentinean economy, as well as Loma Negra’s exposure thereto; and (4)
including references to known risks that “if” occurring “might” or
“could” affect Loma Negra, despite the fact that these “risks” had
already materialized at the time of the IPO.
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If you purchased shares of Loma during the Class Period you may move the
Court no later than February 4, 2019 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to firstname.lastname@example.org,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.