Please complete this form relating to your transactions for Tenaris S.A. (NYSE: TS) securities from May 1, 2014 and December 5, 2018, both dates inclusive (the “Class Period”).
You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
On December 12, 2018, the initial complaint in this securities class action was filed against (“Tenaris”), and certain of Tenaris’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
The complaint alleged that throughout the class period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Tenaris’s Chief Executive Officer (“CEO”) and Chairman knew that one of his company’s executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Sidor; (2) this conduct would lead to the CEO being charged in a graft scheme, and subject Tenaris, its affiliates, and/or executives to heightened governmental scrutiny; and (3) as a result, Tenaris’s public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
This securities class action case was brought on behalf of those who purchased or otherwise acquired Tenaris American Depositary Shares between May 1, 2014 and December 5, 2018, inclusive.
Current Status of Case:
The lead plaintiffs filed a consolidated complaint on July 19, 2019. The defendants filed motions to dismiss the consolidated complaint on February 14, 2020. On October 9, 2020, the Court issued an Order granting in part and denying in part the defendants’ motions to dismiss. Tenaris’s motion to dismiss was denied. On December 1, 2020, the defendants filed an answer to the consolidated complaint. This action is still ongoing.
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 firstname.lastname@example.org. 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.