LOS ANGELES -- (Business Wire)
Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of all purchasers of the American Depositary
Shares of YPF Sociedad Anonima (“YPF” or the “Company”) (NYSE:YPF)
pursuant and/or traceable to the Company’s March 23, 2011 offering. The
investigation concerns possible violations of federal securities laws
and focuses on allegations that the Registration Statement filed with
the Securities and Exchange Commission in connection with the March 23,
2011 offering was 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 Company
is involved also in refining, marketing, transporting and distributing
oil and petroleum products, petroleum derivatives, petrochemicals, LPG
and bio-fuels. The investigation is related to allegations that the
Registration Statement 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 market value.
If you purchased YPF American Depositary Shares pursuant or traceable to
the 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 Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, by telephone at (310)
201-9150, Toll Free at (888) 773-9224, by e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
201-9150 or (888) 773-9224
Source: Glancy Binkow & Goldberg LLP
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