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KERING (OTCMKTS:PPRUY) Investor Investigation Over Potential Securities Laws Violations Announced

  • If you purchased shares of KERING (OTCMKTS:PPRUY), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
KERING
Security
OTCMKTS: PPRUY

Summary

An investigation on behalf of investors of KERING (OTCMKTS:PPRUY) shares over potential securities laws violations by KERING and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of KERING (OTCMKTS:PPRUY) concerning whether a series of statements by KERING regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 2, 2017, it was reported that Italian tax police had visited the offices of Guccio Gucci SpA ('Gucci'), a subsidiary of Kering, in connection with a tax evasion probe. Citing a 'source with direct knowledge of the matter,' it was reported that 'Milan prosecutors suspected Gucci . . . may have paid taxes on profits generated by sales in Italy in another country with a more favorable tax regime.'

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