BENSALEM, Pa., Sept. 05, 2018 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors of the September 7, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Glencore Plc (“Glencore” or the “Company) (OTC: GLCNF , GLNCY) securities between September 30, 2016 through July 2, 2018, inclusive (the “Class Period”). Glencore investors have until September 7, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Glencore investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On July 3, 2018, Glencore disclosed that it received a subpoena from the U.S. Department of Justice requesting production documents and other records related to the Company’s compliance with the Foreign Corrupt Practices Act and United States money laundering statutes. On this news, Glencore’s share price fell approximately 9% on July 3, 2018, thereby injuring investors.
The complaint filed in this class action alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Glencore’s conduct would subject it to heightened scrutiny by U.S. and foreign government bodies resulting in investigations into the company’s compliance with money laundering and bribery laws, as well as the Foreign Corrupt Practices Act; and (2) as a result, defendants’ statements about Glencore’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
If you purchased shares of Glencore during the Class Period you may move the Court no later than September 7, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com