Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. About the Lawsuit Tenaris and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On November 27, 2018, Bloomberg reported that Tenaris' Chairman and Chief Executive Officer Paolo Rocca was indicted for his role in a widespread bribery scandal in Argentina involving payments made to government officials in monthly installments from 2009 to 2012 to facilitate a $1.9B payment from Venezuela relating to its seizure of a related unit, Sidor, which was transformed into a Venezuelan state-owned enterprise. On this news, the price of Tenaris' shares plummeted. The case is Atanasio v. Tenaris S.A. et al, 18-cv-7059. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements.