NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, continues to
investigate potential securities claims on behalf of shareholders of
Glencore plc (OTCMKTS: GLNCY, GLCNF) resulting from allegations that
Glencore may have issued materially misleading business information to
the investing public.
On December 5, 2018, Reuters reported that Glencore and other
trading firms paid over $30 million in bribes to employees of
state-owned oil company Petróleo Brasileiro S.A. – Petrobras in a graft
scheme that Brazilian prosecutors believe may still be ongoing. As part
of the scheme, Petrobras employees offered the trading companies lower
prices for oil, derivatives, and storage tanks, then shared in the
savings. According to the article, top executives of the companies had
“total and unequivocal” knowledge of the graft scheme. On this news,
shares of Glencore fell sharply on December 6, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Glencore investors. If you purchased shares of Glencore
please visit the firm’s website at https://www.rosenlegal.com/cases-register-1373.html
to join the class action. You may also contact Phillip Kim of Rosen Law
Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org
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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013. Rosen
Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
Madison Avenue, 34th Floor
New York, NY 10016
Toll Free: (866) 767-3653
Fax: (212) 202-3827