BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Tenaris S.A. (“Tenaris” or the “Company”) (NYSE: TS) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 27, 2018, Bloomberg published an article alleging that Tenaris’s Chairman and Chief Executive Officer Paolo Rocca, was indicted for his role in a graft scheme. Specifically the article alleges that, “the judge charged Rocca after the Argentine billionaire testified that one of his company’s executives paid an undisclosed amount of cash to government officials in monthly installments from 2009 to 2012.” On this news, Tenaris’ share price fell $2.64, or nearly 10% to close at $24.36 per share on November 27, 2018, thereby injuring investors.
If you purchased Tenaris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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