Loma Negra Compañía Industrial Argentina Sociedad Anónima

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Loma Negra Compañía Industrial Argentina Sociedad Anónima
Stock Symbol : NYSE: LOMA
Class Period Start: 11/01/2017
Class Period End: 11/01/2017
Lead Plaintiff motion: 02/04/2019
Date Filed: 12/04/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the February 4, 2019 lead plaintiff deadline in a class action lawsuit filed against Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) (“Loma Negra” or “the Company”). The suit is pending in the U.S. District Court for the District of Southern District of New York and investors, who purchased Loma Negra Compañía Industrial Argentina Sociedad Anónima securities pursuant or traceable to the F‑1 registration statement, incorporated in pari materia F-6 registration statement, and related prospectus (collectively, the “Registration Statement”) issued in connection with Loma Negra’s November 2017 initial public stock offering (the “IPO” or “Offering”)., have until February 4, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Loma Negra Compañía Industrial Argentina Sociedad Anónima securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Registration Statement contained untrue statements of material fact and omitted to state material facts both required by governing regulations and necessary to make the statements made not misleading.  Foremost, the Registration Statement downplayed and misrepresented Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement Participações S.A.  The Registration Statement further misrepresented a purported increased demand for Loma Negra’s cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand.  The Registration Statement also misrepresented events and trends in the Argentinian economy, as well as Loma Negra’s exposure thereto.  Finally, the Registration Statement contained many references to known risks that “if” occurring “might” or “could” affect the Company, despite the fact that these “risks” had already materialized at the time of the IPO.

On November 3, 2017, Loma Negra revealed 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.

If you were negatively impacted by your investment in Loma Negra Compañía Industrial Argentina Sociedad Anónima securities 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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