NEW YORK, March 24, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ING Groep N.V. ("ING" or the "Company") (NYSE: ING). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether ING and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 22, 2017, ING announced that the Company may face "significant" penalties in connection with a criminal investigation in the Netherlands related to corruption and money laundering. The investigation focuses on the Company's role in matters including unusual payments by VimpelCom Ltd. to a company owned by an Uzbek government official. In its annual report published earlier this month, ING advised investors that the Company has also received related requests for information from U.S. authorities.
On this news, ING's share price fell $0.58, or 3.75%, to close at $14.89 on March 22, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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
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SOURCE Pomerantz LLP