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KOHL v. LOMA NEGRA COMPAÑÍA INDUS. ARGENTINA S.A.

Index No. 653114/18. Appeal No. 13980. Case No. 2020-04542.

195 A.D.3d 414 (2021)

2021 NY Slip Op 03409

Dan Kohl, Respondent, v. Loma Negra Compañía Industrial Argentina Sociedad Anónima, et al., Defendants-Appellants, et al., Defendants.

Appellate Division of the Supreme Court of New York, First Department.

Decided June 1, 2021.

Attorney(s) appearing for the Case

White & Case LLP, New York ( Glenn M. Kurtz of counsel), for Loma Negra CompaÑÍa Industrial Argentina Sociedad AnÓnima, appellant.

Shearman & Sterling LLP, New York ( Adam S. Hakki of counsel), for Bradesco Securities Inc., Citigroup, Global Markets Inc., HSBC Securities (USA) Inc., ItaÚ BBA USA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, appellants.

Levi & Korsinsky, LLP, New York ( Daniel Tepper of counsel), for respondent.

Concur—Kern, J.P., Moulton, González, Scarpulla, JJ.

This action involves claims under sections 11 and 15 of the Securities Act of 1933 (15 USC §§ 77k, 77o) arising out of alleged misleading statements and omissions in the Registration Statement and Prospectus filed by defendant Loma Negra Compañía Industrial Argentina Sociedad Anónima (Loma Negra) in connection with its initial public offering (IPO).

Contrary to defendants' contention, the motion court was not required to explicitly consider...

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