Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tenaris S.A. Investors

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Tenaris S.A. (Tenaris or the Company) (NYSE: TS) securities between May 1, 2014 and November 27, 2018, inclusive (the Class Period). Tenaris investors have until February 11, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Tenaris 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 [email protected].

On November 27, 2018, Bloomberg published an article alleging that Tenariss Chairman and Chief Executive Officer Paolo Rocca, was indicted for his role in a graft scheme. Specifically the article alleges that, the judge charged Rocca after the Argentine billionaire testified that one of his companys executives paid an undisclosed amount of cash to government officials in monthly installments from 2009 to 2012. On this news, Tenaris share price fell $2.64, or nearly 10% to close at $24.36 per share on November 27, 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) Tenariss CEO and Chairman, Paolo Rocca, knew that one of his companys executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Sidor; (2) this conduct would lead to Rocca being charged in a graft scheme, and subject Tenaris, its affiliates, and/or executives to heightened governmental scrutiny; and (3) as a result, Tenariss public statements were materially false and/or misleading at all relevant times.

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If you purchased shares of Tenaris, have information or would like to learn more about these claims, or 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 [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com