NEW YORK, Nov. 28, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm, is
investigating potential securities fraud claims on behalf of
shareholders of Ternium S.A. ("Ternium" or the "Company")
(NYSE: TX) resulting from allegations that Ternium and/or its
executives may have issued materially misleading business
information to the investing public.
If you purchased Ternium securities, and/or would like to
discuss your legal rights and options, please visit
Ternium Shareholder Investigation or contact Daniel Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
On November 27, 2018, Bloomberg reported
that Ternium's Chairman and Chief Executive Officer Paolo Rocca was indicted for his role in a graft
scheme. According to the article, "[t]he 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." The article
stated that "[t]he officials were allegedly working for
then-President Cristina Fernandez de
Kirchner's administration to speed up a compensation payment
from Venezuela[]...for the nationalization of Sidor, a unit
that...Rocca's group was [ultimately paid] $1.95 billion for[.]" The judge set a
$103 million bond and banned Rocca
from leaving the country.
On this news, Ternium's stock fell $1.42 per share or nearly 5% to close at
$28.02 per share on November 27, 2018.
If you purchased Ternium securities, and/or would like to
discuss your legal rights and options, please visit
https://www.bernlieb.com/cases/ternium-sa-tx-lawsuit-class-action-fraud-stock-95/
or contact Daniel Sadeh toll free at
(877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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