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Glencore faces lawsuits over U.S. subpoena, stock drop

Reuters  |  NEW YORK 

By Jonathan StempelNEW YORK (Reuters) - Glencore Plc faces at least two lawsuits by U.S. shareholders accusing the big Anglo-Swiss mining company of having made false and misleading disclosures before it received a subpoena in a corruption probe, and its stock tumbled.The lawsuits were filed on Monday with the U.S. District Court in Newark, New Jersey, and on Wednesday after market hours with the U.S. District Court in Manhattan.They accused Glencore of concealing how its conduct would subject it to heightened regulatory scrutiny into its compliance with money laundering and bribery laws, ...

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First Published: Thu, July 12 2018. 06:04 IST
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