NEW INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims against Banco Macro S.A. & Encourages Inves...

Date : 06/11/2018 @ 9:00PM
Source : Business Wire
Stock : Banco Macro S.A. Adr (Representing Ten Class B ) (BMA)
Quote : 63.8  3.82 (6.37%) @ 3:40PM

NEW INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims against Banco Macro S.A. & Encourages Inves...

Banco Macro Bansud (NYSE:BMA)
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1 Month : From May 2018 to Jun 2018

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The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Banco Macro S.A. ("Banco Macro" or the "Company") (NYSE: BMA) 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. On December 7, 2017, Bloomberg reported that Banco Macro Chairman Jorge Horacio Brito played a part in the corruption scandal surrounding former Argentine Vice President Amado Boudou. According to the article, Boudou faced charges that he attempted to gain “illicit enrichment for allegedly using shell companies and secret middlemen to gain control of a company given contracts to print the national currency.” Chairman Brito was identified as one of the middlemen involved in the alleged scheme. Based on this information, the investigation will determine if Banco Macro’s filings with the SEC contained untrue or misleading information or otherwise damaged the investing public.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall or Sherin Mahdavian of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

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.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian, Esq.310-301-3335info@schallfirm.comwww.schallfirm.com

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