Tecnoglass Inc. (TGLS)
Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Tecnoglass Inc. (“Tecnoglass” or the “Company”) (NASDAQ: TGLS). Investors who purchased Tecnoglass shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Tecnoglass and certain of its officers and/or directors have violated federal securities laws.
On December 9, 2021, Hindenburg Research (“Hindenburg”) published a report on Tecnoglass entitled “Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC.” The Hindenburg report described a series of red flags associated with Tecnoglass. Citing a “months-long investigation [that] has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades,” Hindenburg claimed to have “identified serious red flags regarding management and numerous undisclosed related party transactions that call the company’s reported financial results into question.” On this news, Tecnoglass’s stock price fell $12.14 per share, or 36.02%, to close at $21.56 per share on December 9, 2021.
If you are aware of any facts relating to this investigation, or purchased Tecnoglass shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
