NEW YORK, July 3, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Glencore PLC ("Glencore" or the "Company") (OTC MKT: GLNCY). Investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Glencore and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 3, 2018, Glencore disclosed receipt of a subpoena from the U.S. Department of Justice seeking documents and other records related to Glencore's compliance with the U.S. Foreign Corrupt Practices Act and U.S. money laundering statutes. Glencore stated that the subpoena relates to its operations in Nigeria, Venezuela, and the Democratic Republic of Congo. On this news, Glencore's American depositary receipt price fell sharply during intraday trading on July 3, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP