BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith announces that it is investigating
potential claims against YPF Sociedad Anonima (“YPF” or the “Company”)
(NYSE:YPF) concerning possible violations of federal securities laws.
The investigation focuses on allegations that certain statements issued
by YPF in connection with the Company’s March 23, 2011 offering were
materially false and misleading. YPF engages in the exploration,
development and production of crude oil, natural gas and liquefied
petroleum gas (LPG) in Argentina.
The investigation is related to allegations that the Registration
Statement filed with the Securities and Exchange Commission in
connection with the March 23, 2011 offering misrepresented or failed to
disclose that: (1) the Company faced a risk of nationalization by the
Argentinean government; (2) as a result of the Company’s failure to
adequately produce oil and gas within Argentina and reinvest a
substantial portion of its profits back into the Company and its
operations, the risk of nationalization had increased; (3) the Company
was in breach of its concession contracts with various Argentinean
provinces; and (4) nationalization by the Argentinean government would
likely have a severe adverse effect on shareholders and on the Company’s
If you purchased YPF American Depositary Shares pursuant or traceable to
the Company’s March 23, 2011 offering, if you have information or would
like to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
Source: Law Offices of Howard G. Smith
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