RADNOR, Pa., Dec. 11, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Tecnoglass Inc. (NASDAQ: TGLS) (“Tecnoglass”).
Tecnoglass, headquartered in Colombia, 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 report about Tecnoglass titled, “Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC.” The report raised several concerns regarding Tecnoglass’ business stemming from Hindenburg’s months-long investigation of the company which “included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades.” The report “identified serious red flags regarding management and numerous undisclosed related party transactions that call the company’s reported financial results into question.”
Following this news, Tecnoglass shares fell over 40% in early morning trading on December 9, 2021.
If you are a Tecnoglass investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at [email protected]
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
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SOURCE Kessler Topaz Meltzer & Check, LLP