Thieler Law Corp advises investors with losses exceeding $100,000 of the October 9, 2015 lead plaintiff deadline in a class action lawsuit filed against Abengoa SA (NASDAQ: ABGB) (“Abengoa” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Abengoa American Depositary Shares between November 12, 2014 and August 2, 2015, have until October 9, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Abengoa securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that Abengoa and certain of its former and current executive officers and directors have misrepresented the liquidity of the Company’s balance sheet. On July 31, 2015, the Company announced it would lower its free cash flow guidance and a plan to divest itself of 400 million euros in assets. Despite this statement, Defendant Santiago Seage maintained that “the company has no plan to…tap the capital markets in any manner.”  On August 3, 2014, in a contradiction to the July 31, 2015 statement, Abengoa announced a share issuance plan to raise 650 million euros, along with an asset divestiture totaling 500 million euros. After the release of that statement, Abengoa American Depositary Shares declined over $5 per share, or 46% to close at $6.00 on August 4, 2015.

If you were negatively impacted by your investment in Abengoa American Depositary Shares between November 12, 2014 and August 2, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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