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TENARIS 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit against Tenaris S.A. - TS
[February 08, 2019]

TENARIS 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit against Tenaris S.A. - TS


Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until February 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Tenaris S.A. (NYSE: TS). Investor losses must relate to purchases of the securities between May 1, 2014 and November 27, 2018. This action is pending in the United States District Court for the Eastern District of New York.

What You May Do

If you purchased securities of Tenaris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-ts/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by February 11, 2019.



About the Lawsuit

On November 27, 2018, Bloomberg (News - Alert) reported that Tenaris' Chairman and CEO Paolo Rocca was indicted for his role in a widespread bribery scandal in Argentina involving payments made to government officials from 2009 to 2012 to facilitate a $1.9B payment from Venezuela relating to its seizure of a related unit, Sidor, which was transformed into a Venezuelan state-owned enterprise. On this news, the price of Tenaris' shares plummeted.


The case is Atanasio v. Tenaris S.A. et al, 18-cv-7059.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.


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