NEW YORK, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers Tenaris, S.A. ("Tenaris" or the "Company") (NYSE: TS). Such investors are encouraged to
obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/ts.
The investigation concerns whether Tenaris and certain of its officers and/or directors have violated federal securities
laws.
On November 27, 2018, Bloomberg published a report saying that Tenaris’s Chairman and Chief
Executive Officer Paolo Rocca was indicted for his role in a graft scheme. The report states that, “[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 continued, “[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[.]” Following this news, Tenaris’s stock
dropped $2.64 per share or roughly 10% to close at $24.36 on November 27, 2018.
If you are aware of any facts relating to this investigation, or purchased Tenaris shares, you can assist this investigation by
visiting the firm’s site: bgandg.com/ts. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of
Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class
action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
