Tenneco Inc (NYSE:TEN) Investor Investigation Over Potential Securities Laws Violations

If you purchased shares of Tenneco Inc (NYSE:TEN), you have certain options and you should contact the Shareholders Foundation, Inc.

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April 4, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Tenneco Inc (NYSE:TEN) shares over potential securities laws violations by Tenneco and certain of its directors and officers in connection certain financial statements was announced.

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

Tenneco Inc reported that its annual Total Revenue rose from over $7.36 billion in 2012 to over $7.96 billion in 2013 while that its respective Net Income declined from $275.00 million to $183.00 million.

Shares of Tenneco Inc (NYSE:TEN) grew from $25.55 per share in June 2012 to as high as $62.31 per share on March 6, 2014.

Then on March 25, 2014, Tenneco Inc confirmed that authorities in Europe and the United States have requested information as part of an ongoing global antitrust investigation concerning multiple automotive suppliers.
Tenneco Inc said that representatives of the European Commission were at Tenneco GmbH’s Edenkoben, Germany administrative facility to gather information in connection with the investigation and that Tenneco Inc has also received a related subpoena from the U.S. Department of Justice.

Shares of Tenneco Inc declined to $55.09 per share on March 25, 2014.

On April 1, 2014, NYSE:TEN shares closed at $59.28 per share.