NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Abengoa SA (NASDAQGS: ABGB) for possible violations of federal securities laws. The investigation concerns whether Abengoa and certain of its officers and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On August 3, 2015, Abengoa disclosed plans to sell assets worth 500 million euros and to call a shareholder vote relating to a capital increase with pre-emptive rights of 650 million euros. According to the company, the proceeds from the transactions will be used to reduce corporate debt. On the announcement of the news, Abengoa’s stock price plunged $3.31 per share, or more than 29%, from its closing price of $11.06 on July 31, 2015. To obtain additional information about this investigation, go to:
http://zlkdocs.com/ABGB-Info-Request-Form-3204
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
