Glencore
The law firm of Kirby McInerney LLP is investigating potential claims against mining giant Glencore plc over possible under-hand dealings in its operations in Nigeria, Venezuela and Congo DR.
The investigation concerns whether Glencore plc (“Glencore” or the “Company”) has violated the federal securities laws and/or engaged in other unlawful business practices.
On July 3, 2018, Glencore disclosed that it received a subpoena from the U.S. Department of Justice (“DOJ”) requesting production documents and other records related to the Company’s compliance with the Foreign Corrupt Practices Act and United States 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 shares fell sharply during intraday trading and closed down approximately 9% on July 3, 2018.
“If you purchased or otherwise acquired Glencore securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at telrod@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you”, notice put out to possible testifiers said..
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions.
