NEW YORK, NY / ACCESSWIRE / August 14, 2015 / Pomerantz LLP is investigating claims on behalf of investors of VimpelCom Ltd. ("VimpelCom" or the "Company") (NASDAQ: VIP). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
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.
June 29, 2015, 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. On this news, VimpelCom ADRs fell $0.15, or 2.9%, to close at 4.95 on June 29, 2015. 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.
On this news, the company's ADRs have fallen as much as 4.5% on intraday trading on August 14, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, 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 70 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.
SOURCE: Pomerantz LLP
