Case Page

 

Case Status:    ONGOING    
On or around 07/10/2018 (Ongoing date of last review)

Filing Date: July 09, 2018

According to the Complaint, Glencore PLC ("Glencore" or the "Company") engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. Glencore is incorporated in Jersey, United Kingdom, with headquarters in Baar, Switzerland. Glencore operates mines in the Democratic Republic of Congo (“DRC”).

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Glencore’s conduct would subject it to heightened scrutiny by U.S. and foreign government bodies resulting in investigations into the Company’s compliance with money laundering and bribery laws, as well as the Foreign Corrupt Practices Act; and (2) as a result, Defendants’ statements about Glencore’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Metal Mining
Headquarters: Switzerland

SECURITIES INFORMATION:

Ticker Symbol: GLCNF
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 18-CV-11477
JUDGE: Hon. Susan D. Wigenton
DATE FILED: 07/09/2018
CLASS PERIOD START: 09/30/2016
CLASS PERIOD END: 07/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm (South Orange)
    609 W. South Orange Avenue Suite 2P , The Rosen Law Firm (South Orange), NJ 07079
    (973) 313-1887 (973) 833-0399 ·
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