Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been Filed Against YPF Sociedad Anonima

  Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been
                      Filed Against YPF Sociedad Anonima

PR Newswire

NEW YORK, Feb. 6, 2013

NEW YORK, Feb. 6, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein,
Gewirtz & Grossman, LLC announces that a class action suit was filed in the
United States District Court for the Southern District of New York on behalf
of all who purchased the American Depositary Shares ("ADSs") of YPF Sociedad
Anonima ("YPF" or the "Company") (NYSE: YPF) pursuant and/or traceable to the
Company's March 23, 2011 offering (the "Offering") seeking to pursue remedies
under the Securities Act of 1933 (the "Securities Act").

On or about November 26, 2010, YPF filed a Form F-3 Registration Statement
(the "Registration Statement") for the Offering with the SEC. On or about
March 23, 2011, more than 26.2 million shares of YPF ADSs were sold to the
public at $41 per share, thereby valuing the total size of the Offering at
more than $1 billion.

The complaint alleges that the Registration Statement failed to disclose and
misrepresented the following adverse facts, among others, which existed at the
time of the Offering: (1) that the Company faced a risk of nationalization by
the Argentinean government; (2) that the risk of nationalization had increased
because of the Company's failure to: (a) adequately produce oil and gas within
Argentina; and (b) reinvest a substantial portion of its profits back into the
Company and its operations; (3) that the Company was in breach of its
concession contracts with various Argentinean provinces; and (4) that
nationalization by the Argentinean government would likely have a severe
adverse effect on shareholders and on the Company's market value. According to
the complaint, the instructions and regulations that govern the preparation of
the Registration Statement require that YPF disclose the facts detailed above.
The Registration Statement, however, failed to include these material facts.

No Class has yet been certified in the above action. If you wish to review a
copy of the Complaint, to discuss this action, or have any questions, please
contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz &
Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address and telephone
number. 59 days from today is the deadline for investors to seek a lead
plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC
 
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