Glencore plc (OTC BB: GLNCY, GLCNF)

DEFENDANT NAME: Glencore plc
STOCK SYMBOL: OTC BB: GLNCY, GLNCF
CASE NUMBER:
COURT: U.S. District Court for the District of New Jersey
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: September 30, 2016 - July 2, 2018
LEAD PLAINTIFF DEADLINE: September 7, 2018
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000

Hagens Berman Sobol Shapiro LLP alerts investors in Glencore plc (OTC BB: GLNCY, GLCNF) to the September 7, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the District of New Jersey.

If you purchased or otherwise acquired shares of GLNCY/GLNCF between September 30, 2016 and July 2, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing GLNCY@hbsslaw.com.

On July 3, 2018, the Wall Street Journal reported the U.S. Justice Department demanded Glencore plc hand over records related to the Company’s compliance with the U.S. Foreign Corrupt Practices Act (“FCPA”) and laws against money laundering.  The DOJ subpoena reportedly spans 2007 to the present and covers Glencore’s business in the Democratic Republic of Congo, Nigeria and Venezuela.

This news drove the price of Glencore securities sharply downward on heavy volume.

“We’re focused on investors’ losses, whether the Company and senior executives violated the FCPA and, if so, the extent to which they may have misled investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding Glencore should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email GLNCY@hbsslaw.com.


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07/27/18: Investigation