| COMPANY |
Loma Negra Compania Industrial Argentina SA |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
18-cv-11323 |
| JUDGE |
The Hon. Louis Lee Stanton |
| CLASS PERIOD |
November 2, 2017 - May 23, 2018 |
| SECURITY TYPE |
American Depositary Share (“ADSs”) |
Case Background:
On December 05, 2018, the initial complaint in this securities class action was filed against Loma Negra Compania Industrial Argentina SA (“Loma Negra” or the “Company”), and certain of Loma Negra’s directors and officers, asserting claims under Sections 11, 12, and 15 of the of the Securities Exchange Act. This is a federal securities class action brought on behalf of all those who purchased Loma Negra American Depository Shares (“ADSs): (1) pursuant or traceable to the Offering Documents issued in connection with the Company’s IPO on or about November 2, 2017; and/or (2) on the open market between November 2, 2017 and May 23, 2018, both dates inclusive (the “Class Period”).
The complaint alleged that the October 2017 Registration Statement for Loma Negra's IPO misrepresented the Company's exposure to a massive, ongoing corruption scandal plaguing its majority owner.
Current Status of Case:
On April 26, 2019, Plaintiff filed an amended complaint (the “Amended Complaint”). On April 27, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. On May 28, Plaintiff filed a Notice appealing the Court's Dismissal Order. Plaintiff withdrew the appeal on July 21, 2020. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.