NEW YORK, Feb. 13, 2019 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ArcelorMittal ("ArcelorMittal" or the "Company") (NYSE: MT). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether ArcelorMittal and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 8, 2019, ArcelorMittal announced that the Company had evacuated a Brazilian town of about 200 inhabitants near one of its dams in the state of Minas Gerais after conducting more rigorous inspections of the structure. On this news, ArcelorMittal's American depositary receipt price fell $0.91, or 3.98%, to close at $21.98 on February 8, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP