Ternium S.A.

Case Details

Class Period:
May 1, 2014 – November 27, 2018
Date Filed:
November 29, 2018
Case Number:
1:18-cv-06801
Jurisdiction:
Eastern District of New York

Case Summary

According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Defendant Rocca, 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 Rocca 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Action Details

View Complaint (pdf)

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