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 Atlantia S.p.A. (“Atlantia” or “the Company”) (OTC: ATASY) 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. A bridge operated by Atlantia subsidiary Autostrade per L’Italia collapsed on August 14, 2018, killing dozens of people. Several days later, the Italian media reported that the government was investigating Atlantia’s subsidiary. Italy’s Deputy Transportation Minister stated that the nation was considering imposing millions in fines and penalties and revoking the subsidiary’s operating license. Based on this news, shares in Atlantia fell more than 13% on August 16, 2018.
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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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