LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Glencore plc ("Glencore" or the "Company") (OTCMKTS: GLCNF, GLNCY) 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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Glencore disclosed on July 3, 2018, that the U.S. Department of Justice issued a subpoena to a subsidiary of the Company to produce records and other documentation regarding compliance with money laundering statutes and the Foreign Corrupt Practices Act. Shares of Glencore stock fell sharply on this news.
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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.
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