EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Ternium S.A.
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of
shareholders of Ternium S.A. (NYSE: TX) resulting from allegations that Ternium may have issued materially misleading business
information to the investing public.
On November 27, 2018, Bloomberg reported that Ternium’s Chairman 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 had been seized by Venezuela [and which]. . .
Rocca’s group was [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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Ternium investors. If you purchased shares of
Ternium please visit the firm’s website at
https://www.rosenlegal.com/cases-1460.html to join the class action. You may also contact Phillip Kim or Zachary Halper of
Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder
derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class
action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
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