SHAREHOLDER ALERT: Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA)
(ShareholderAlert.com) — Shareholder Alert, a free shareholder news & information service announces that class actions have commenced on behalf of shareholders of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA). If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found below.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA)
Lead Plaintiff Deadline: February 4, 2019
Class Period: Purchasers of American Depositary Shares pursuant and/or traceable to the Company’s June 2017 IPO
The complaint alleges that the Registration Statement contained untrue statements of material fact and omitted material facts. In particular, the Registration Statement downplayed and misrepresented Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement Participações S.A. The Registration Statement further misrepresented a purported increased demand for Loma Negra’s cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand. The Registration Statement also misrepresented events and trends in the Argentinian economy, as well as Loma Negra’s exposure thereto.