IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces An Investigation Of Claims Against IRSA Inversiones y Representaciones S....
December 03 2015 - 3:51PM
Business Wire
Goldberg Law PC (http://www.Goldberglawpc.com) announces that it
is investigating claims of potential misrepresentations by IRSA
Inversiones y Representaciones S.A. (“IRSA” or the “Company”)
(NYSE: IRS). The investigation focuses on whether the Company and
its officers violated securities laws by issuing misleading
information to investors.
If you purchased or otherwise acquired IRSA shares and would
like more information regarding the investigation, we advise you to
contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650
Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The investigation concerns whether the Company violated the
Securities Exchange Act of 1934. On November 19, 2015, Spruce Point
Capital Management published a report on IRSA asserting, among
other things, that IRSA is keeping roughly $7 billion of net debt
off the Company's books by not consolidating its controlling
investment in Israel's IDB Development Corp., and that IRSA may
therefore be in violation of its debt covenant under its existing
$300 million Global Bond indenture that requires it to maintain an
EBITDA/Interest coverage of 1.75x.
If you have any questions concerning your legal rights in this
case, please immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com, or email us
at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151203006287/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.
800-977-7401Brian Schall, Esq.
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.comhttps://twitter.com/search?q=goldberglawpc&src=typdhttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts
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