July 21, 2020 - The appeal was withdrawn and the case was dismissed.

May 28, 2020 - A notice appealing the court's dismissal order was filed.

April 27, 2020 - The court granted the defendants' motion to dismiss.

September 19, 2019 - A motion to dismiss the amended complaint was filed.

April 26, 2019 - An amended complaint was filed.

December 5, 2018 - An investor, who purchased shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Loma Negra Compañía Industrial Argentina Sociedad Anónima in connection with certain allegedly false and misleading statements made issued in connection with Loma Negra's November 2017 initial public stock offering (the IPO or Offering ).

In November 2017, Defendants commenced Loma Negra's initial public offering ( IPO ), issuing approximately 53.5 million ADS to the investing public at $19 per share, all pursuant to the Company's Registration Statement.

The lawsuit was filed on behalf of purchasers of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) who acquired Loma Negra American Depositary Shares ( ADS ) pursuant or traceable to the registration statement, issued in connection with Loma Negra's November 2017 initial public stock offering,.

More specifically, the plaintiff claims that the Registration Statement contained untrue statements of material fact and omitted to state material facts both required by governing regulations and necessary to make the statements made not misleading, that foremost, the Registration Statement downplayed and misrepresented Loma Negra's exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement Participaçoes S.A, that the Registration Statement further misrepresented a purported increased demand for Loma Negra's cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand, that the Registration Statement also misrepresented events and trends in the Argentinian economy, as well as Loma Negra's exposure thereto, and that the Registration Statement contained many references to known risks that if occurring might or could affect the Company, despite the fact that these risks had already materialized at the time of the IPO.
The plaintiff says that Loma Negra and the other Defendants went forward with the IPO with the foregoing misrepresentations and omissions in the Registration Statement and that with these misrepresentations and omissions, the IPO was extremely lucrative for Defendants, who raised more than $1 billion in gross proceeds.

The plaintiff alleges that when the truth of Defendants' misrepresentations and omissions became known, the price of Loma Negra shares suffered sharp declines.
Shares of Loma Negra C.I.A.S.A. (NYSE:LOMA) declined from as high as $25.28 per share in January 2018 to as low as $6.36 per share in August 2018.