Loma Negra Settles U.S. Shareholder Lawsuit

Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.

Loma Negra C.I.A.S.A. has announced that the New York State Court has given final approval to a settlement agreement concerning a shareholder class action lawsuit. This resolution requires a final payment to the class by October 11, 2024, which will be funded by the company’s D&O insurance policies. Upon completion of this payment, the lawsuit will be officially closed with the issuance of a final judgment by the court.

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