Company: Loma Negra Compañía Industrial Argentina Sociedad Anónima
Kaskela Law LLC is investigating Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) (“Loma Negra” or the “Company”) on behalf of investors who purchased the Company’s securities after November 1, 2017.
On November 3, 2017, Loma Negra announced the closing of its initial public offering (“IPO”) of American Depository Shares (“ADSs”), pursuant to which the Company sold over 53 million ADSs to investors at a price of $19.00 per share. Less than one year later, the Company’s ADSs trade at approximately $9.00 per share –50% lower than the price that they were sold to investors.
The investigation seeks to determine whether Loma Negra’s filings with the U.S. Securities and Exchange Commission in connection with the Company’s IPO contained untrue statements of material fact and/or omitted to disclose material information to investors.
Loma Negra investors are encouraged to contact Kaskela Law LLC at (888) 715 – 1740 discuss this investigation and their legal rights and options and/or complete the information form on this page.