SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of VimpelCom Ltd.

Aug 14, 2015, 16:12 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Aug. 14, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of VimpelCom Ltd. ("VimpelCom" or the "Company") (NasdaqGS: VIP -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether VimpelCom and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

The U.S. Department of Justice announced that it was joining a group of European nations in a telecom corruption probe involving VimpelCom and Mobile TeleSystems OJSC.  Following this news, VimpelCom ADRs fell $0.15, or 2.9%, to close at 4.95 on June 29, 2015.  Then on August 13, 2015, post-market, U.S. authorities asked European counterparts to seize roughly $1 billion in assets related to a wide-ranging criminal probe of alleged corruption by VimpelCom, Mobile Teleystems, and TeliSonera AB.

Following this news, shares of VimpelCom fell $0.21 per share or 3.78% during intraday trading to trade at $5.35 on August 14, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of VimpelCom, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman 212-697-6484 info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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