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Banco Macro Shareholder Alert – Kehoe Law Firm, P.C. Investigating

1271 Days ago

PHILADELPHIA, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. announces that it is investigating potential securities claims on behalf of shareholders of Banco Macro S.A. (NYSE: BMA) stemming from allegations that Banco Macro may have issued materially misleading business information to the investing public.

Banco Macro Shareholders and Investors: If you purchased shares of Banco Macro and would like to discuss your potential legal rights, please contact John Kehoe, Esq., (215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com , info@kehoelawfirm.com .

On December 7, 2017, Bloomberg reported that Banco Macro Chairman Jorge Horacio Brito was the subject of a corruption scandal involving former Argentine Vice President Amado Boudou.

According to the article, “former Argentine Vice President Amado Boudou had been charged with illicit enrichment for allegedly using shell companies and secret middlemen to gain control of a company given contracts to print the national currency.” The article identified Banco Macro’s Chairman Brito as one of those middlemen.

The securities investigation concerns whether Banco Macro’s filings with the U.S. Securities and Exchange Commission contained untrue statements of material facts or omitted material information.

Banco Macro Shareholders are encouraged to contact Kehoe Law Firm, P.C. to discuss the securities investigation. 

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at the Firm have been lead or co-lead counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.

John Kehoe, Esq.
Kehoe Law Firm, P.C.
(215) 792-6676, Ext. 801

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