LOS ANGELES, CA / ACCESSWIRE / January 28, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Loma Negra Compañía Industrial Argentina Sociedad Anónima ("Loma Negra" or "the Company") (NYSE: LOMA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with Loma Negra's initial public offering in June, 2017, are encouraged to contact the firm before February 4, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Loma Negra downplayed its involvement in the ongoing corruption scandal of its majority owner, InterCement Participações S.A. The Company also misrepresented the demand for its products, leading investors to believe there was increased demand in Argentina due to economic conditions and government projects. Loma Negra also described risks as possibilities, despite the fact that many of the risks had already come to pass before the IPO. Based on these facts, the Company's public comments and IPO materials were false and materially misleading. When the market learned the truth about Loma Negra, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm