Robbins Arroyo LLP: Glencore Plc (GLCNF) Misled Shareholders According to Class Action

Shareholder rights law firm Robbins
Arroyo LLP announces that purchasers of Glencore Plc (Other OTC:
GLCNF) have filed a class action complaint against the company’s
officers and directors for alleged violations of the Securities Exchange
Act of 1934 between September 30, 2016 and July 2, 2018. Glencore
engages in the production, refinement, processing, storage, transport
and marketing of metals and minerals, energy products, and agricultural
products worldwide.

View this information on the law firm’s Shareholder Rights

The Complaint Alleges that Glencore Stock Decline is Related to
Bribery Law Violations

According to the complaint, Glencore represented that the company “takes
ethics and compliance very seriously” and is “committed to complying
with or exceeding the laws and external requirements” applicable to its
operations and products. On May 28, 2018, Bloomberg reported that
the U.K.’s Serious Fraud Office was preparing to investigate Glencore
for bribery in connection with Glencore’s work with Israeli billionaire
Dan Gertler and the leader of the Democratic Republic of Congo. Then, on
July 3, 2018, Glencore disclosed that the U.S. Department of Justice
issued its subsidiary a subpoena to produce documents and other records
in connection with the company’s compliance with U.S. money laundering
laws and the Foreign Corrupt Practices Act. Since news of Glencore’s
troubles began to come to light, Glencore’s stock has fallen nearly 22%
to close at $4.20 per share on July 3, 2018, and continues to fall.

Glencore Shareholders Have Legal Options

If you would like more information about your rights and potential
remedies, contact attorney Leonid Kandinov at (800) 350-6003,,
or via the shareholder
information form on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

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