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Glancy Prongay & Murray LLP Obtains Important Ruling for Tenaris S.A. Investors in Securities Fraud Class Action


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Business Wire
Jul 22, 2021 12:31 AM UTC
Glancy Prongay & Murray LLP Obtains Important Ruling for Tenaris S.A. Investors in Securities Fraud Class Action
Glancy Prongay & Murray LLP (“GPM”) announces that on July 1, 2021, the Honorable Raymond J. Dearie of the United States District Court for the Eastern District of New York issued a ruling denying the defendants’ request that the court reconsider an earlier order denying the defendants’ motion to dismiss the action (In Re Tenaris S.A. Securities Litigation, Case No. 18-cv-7059-RJD-SJB). GPM serves as the court-appointed Lead Counsel for a putative class of investors that purchased ADS of Tenaris S.A. (“Tenaris” or the “Company”) (NYSE: TS) between May 1, 2014 and December 5, 2018, inclusive. The action seeks to recover losses suffered by Tenaris investors arising from the defendants’ alleged violations of the federal securities laws. ....

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Gibson Dunn | 2020 Year-End FCPA Update


Recovering from a relatively slow start to the year, due in no small part to the global pandemic, the U.S. Foreign Corrupt Practices Act (“FCPA”) Units of the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) closed the year with a bang. With 32 combined FCPA enforcement actions, 51 total cases including ancillary enforcement, and a record-setting $2.78 billion in corporate fines and penalties (plus billions more collected by foreign regulators), 2020 marks another robust year in the annals of FCPA enforcement.
This client update provides an overview of the FCPA and other domestic and international anti-corruption enforcement, litigation, and policy developments from 2020, as well as the trends we see from this activity. We at Gibson Dunn are privileged to help our clients navigate these challenges daily and are honored again to have been ranked Number 1 in the ....

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