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Kessler Topaz Meltzer & Check, LLP: Investor Class Action Filed Against Loma Negra Compania Industrial Argentina Sociedad Anonima for Securities Fraud Violations
Company Name: 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: between November 2, 2017 and 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.

The complaint alleged that the October 2017 registration statement for Loma Negra's Initial Public Offering (“IPO”), which was priced at $19 per American Depositary Share (“ADSs”) the following month and issued 53.5 million shares, misrepresented the Company's exposure to a massive, ongoing corruption scandal plaguing its majority owner.

This is a securities class action brought on behalf of all those who purchased or acquired Loma Negra ADSs (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, inclusive.

Current Status of Case:

The lead plaintiff filed an amended complaint on April 26, 2019. The defendants filed a motion to dismiss the amended complaint on September 19, 2019. On April 27, 2020, the Court issued an Order granting the defendants' motion to dismiss. On May 28, 2020, the lead plaintiff filed an appeal of the motion to dismiss Order with the United States Court of Appeals for the Second Circuit.  On July 17, 2020, the parties filed a stipulation that the lead plaintiff voluntarily dismissed the appeal, which was subsequently Ordered by the appellate Court.

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:  James Maro, Esq. (484-270-1453) or Adrienne Bell, Esq. (484-270-1435); 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.

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, inclusive

You may also contact James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435 or toll free at (844) 887-9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

* Denotes required field
 
 
 
 
 
 
# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# 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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