Loma Negra Compania Industrial Argentina Sociedad Anonima Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Loma Negra Compania Industrial Argentina SA (“Loma Negra”) (NYSE: LOMA) American Depository Shares (“ADS”) (1) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Offering Documents”) issued in connection with the initial public offering (“IPO”) on or about November 2, 2017; and/or (2) on between November 2, 2017 and May 23, 2018, inclusive (the “Class Period”). 

The complaint alleges that the Offering Documents for Loma Negra's IPO misrepresented the company's exposure to a massive, ongoing corruption scandal plaguing its majority owner.  

Current Status of Case: 
Following the District Court having granted Defendants’ Motion to Dismiss, the Second Circuit Court of Appeals affirmed the dismissal on July 21, 2020. This action has concluded.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.