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Loma Negra Compania Industrial Argentina Sociedad Anonima Securities Fraud Class Action

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CompanyLoma Negra Compania Industrial Argentina Sociedad Anonima
CourtUnited States District Court for the Southern District of New York
Case Number18-cv-11323
JudgeHonorable Louis Lee Stanton
Class PeriodNovember 2, 2017 through May 23, 2018
Security TypeAmerican Depository Shares

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” or the “Company”) (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:

There were two class action lawsuits filed against Loma Negra - one in state court and the other in federal court – both of which allege the same claims against Defendants for violations of the federal securities laws by misstating and/or omitting material facts in documents issued in connection with Loma Negra’s IPO.   

After the Court granted Defendants’ Motion to Dismiss, the Second Circuit Court of Appeals affirmed the dismissal of the federal action on July 21, 2020. The federal action has concluded.

On April 10, 2024, the State Court granted Final Approval of the Settlement. The state action has concluded.

Please be advised that the deadline to file a claim in the State Court action was April 19, 2024.  You may find additional information regarding the terms of the settlement and claim filing process at www.lomanegrasecuritieslitigation.com, or you can contact the claims administrator, A.B. Data, Ltd. at 1-877-311-3744.

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.

Please complete this form relating to your transactions for Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE: LOMA) American Depositary Shares (“ADS”) (1) pursuant or traceable to the Offering Documents issued in connection with the Company’s IPO on or about November 2, 2017, seeking to pursue remedies under the Securities Act; and/or (2) on the open market between November 2, 2017 and May 23, 2018.

Click here to print a PDF of this form

SUBMIT YOUR INFORMATION
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Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Loma Negra Compania Industrial Argentina Sociedad Anonima (2019) prior to the Class Period?
Are you a current or former employee of Loma Negra Compania Industrial Argentina Sociedad Anonima (2019)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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