NEW INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims against Banco Macro S.A. & Encourages Inves...
12 June 2018 - 11:00AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Banco Macro S.A. ("Banco Macro" or the "Company")
(NYSE: BMA) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. On December 7, 2017, Bloomberg reported
that Banco Macro Chairman Jorge Horacio Brito played a part in the
corruption scandal surrounding former Argentine Vice President
Amado Boudou. According to the article, Boudou faced charges that
he attempted to gain “illicit enrichment for allegedly using shell
companies and secret middlemen to gain control of a company given
contracts to print the national currency.” Chairman Brito was
identified as one of the middlemen involved in the alleged scheme.
Based on this information, the investigation will determine if
Banco Macro’s filings with the SEC contained untrue or misleading
information or otherwise damaged the investing public.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall or Sherin
Mahdavian of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180611006320/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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