YPF Accused Of Keeping Quiet On Nationalization Risk

Law360, New York (February 6, 2013, 7:29 PM EST) -- Investors of Argentinian oil and gas company YPF SA on Tuesday filed a proposed class action in New York federal court accusing the company and its underwriters — including banking giants Goldman Sachs Group Inc. and Morgan Stanley & Co. Inc. — of failing to warn investors of YPF's risk of nationalization ahead of a $1 billion securities offering in 2011.

YPF allegedly hid its potential to be nationalized by Argentina by making omissions and misrepresentations in materials it sent investors before a March 2011 securities...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.