Ternium S.A. Securities Litigation

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Lawsuit Overview

Defendant:Ternium S.A.
Date Filed:November 29th, 2018
Sector:Basic Industries
Industry:Steel/Iron Ore

According to the Complaint, Ternium, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Ternium's Chairman knew that one of his company's executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Ternium's Sidor unit; (2) this conduct would lead the Chairman to be charged in a graft scheme and subject Ternium, its affiliates, and/or its executives to heightened governmental scrutiny; and (3) as a result, Ternium's public statements were materially false and/or misleading at all relevant times.

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First Identified Complaint

Randall Ulbricht, et al. v. Ternium S.A., et al.

Date Filed:November 29th, 2018
Class Period Start:May 1st, 2014
Class Period End:November 27th, 2018
First Identified Complaint Filings
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