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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Glencore    GLEN   JE00B4T3BW64

GLENCORE (GLEN)
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Glencore PLC : Pawar Law Group Announces a Securities Class Action Lawsuit Against Glencore plc - GLNCY, GLCNF

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07/12/2018 | 08:40pm CEST

NEW YORK, NY / ACCESSWIRE / July 12, 2018 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Glencore plc (OTC PINK: GLCNF, OTC PINK: GLNCY) from September 30, 2016 through July 2, 2018 (the "Class Period"). The lawsuit seeks to recover damages for Glencore investors under the federal securities laws.

To join the Glencore class action, go to http://pawarlawgroup.com/cases/glencore-plc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 7, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/glencore-plc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar of Pawar Law Group toll free at 888-589-9804 or via email at [email protected].

Pawar Law Group represents investors from around the world.

Vik Pawar, Esq.
Pawar Law Group P.C
20 Vesey Street Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Toll Free: 888-589-9804
Fax: (212) -571-0938
[email protected]
www.pawarlawgroup.com

SOURCE: Pawar Law Group


© Accesswire 2018
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Financials ($)
Sales 2018 239 B
EBIT 2018 11 165 M
Net income 2018 7 139 M
Debt 2018 22 467 M
Yield 2018 5,00%
P/E ratio 2018 8,49
P/E ratio 2019 8,90
EV / Sales 2018 0,34x
EV / Sales 2019 0,33x
Capitalization 59 034 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 5,74 $
Spread / Average Target 40%
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Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
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