According to the Complaint, Loma Negra Compania Industrial Argentina Sociedad Anonima ("Loma Negra" or the Company) is a South American manufacturer and distributor of cement, concrete, and other building materials.

In November 2017, Defendants commenced Loma Negra’s initial public offering (“IPO”), issuing approximately 53.5 million ADS to the investing public at $19 per share, all pursuant to the Company’s Registration Statement.

The Complaint alleges that the Registration Statement contained untrue statements of material fact and omitted to state material facts both required by governing regulations and necessary to make the statements made not misleading.

On February 25, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on April 26. Defendants filed a Motion to Dismiss the amended Complaint on September 19. On April 27, 2020, the Court issued an Order granting Defendants' Motion to Dismiss. On May 28, Lead Plaintiff filed a notice appealing the Court's Dismissal Order. Lead Plaintiff withdrew the appeal on July 21.