Press release
Investigation announced for Long-Term Investors in Tecnoglass Inc. (NASDAQ: TGLS)
An investigation on behalf of investors in Tecnoglass Inc. (NASDAQ: TGLS) shares over potential wrongdoing at Tecnoglass Inc.
Investors who purchased shares of Tecnoglass Inc. (NASDAQ: TGLS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Tecnoglass directors breached their fiduciary duties and caused damage to the company and its shareholders.
Colombia based Tecnoglass Inc., through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America.
On December 9, 2021, Hindenburg Research published a short-seller report on Tecnoglass. Hindenburg Research detailed a series of alarming red flags about Tecnoglass. Specifically, the report stated, "Our months-long investigation has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades. We have identified serious red flags regarding management and numerous undisclosed related party transactions that call the company's reported financial results into question."
Those who purchased shares of Tecnoglass Inc. (NASDAQ: TGLS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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