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...
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