SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Gerdau S.A. of a Class Action Lawsuit & a Lead Plaintiff Dea...
June 29 2016 - 3:13PM
Business Wire
The following statement is being issued by Levi
& Korsinsky, LLP:
To: All persons or entities who
purchased or otherwise acquired American Depositary Receipts of
Gerdau S.A. (“Gerdau” or the “Company”) (NYSE:GGB)
between June 2, 2011 and May 15,
2016.
You are hereby notified that a
securities class action has commenced in the USDC for the Southern
District of New York. If you purchased or otherwise acquired Gerdau
securities between June 2, 2011 and May 15, 2016, your rights may
be affected by this action. To get more information go to:
http://www.zlk.com/pslra/gerdau-s-a.
The complaint alleges that, throughout the
Class Period, defendants issued false and misleading statements to
investors and/or failed to disclose that (1) the Company was
engaged in a bribery scheme in collusion with Brazil’s Board of Tax
Appeals; (2) Gerdau had defrauded Brazilian tax authorities of
roughly $429 million in taxes; (3) Gerdau’s Chief Executive
Officer, Defendant André Bier Gerdau Johannpeter, and other
directors and employees of the Company had engaged in bribery,
money laundering, and influence peddling; and (4) as a result,
Gerdau’s public statements were materially false and misleading at
all relevant times.
If you suffered a loss in Gerdau you have
until July 25, 2016 to request
that the Court appoint you as lead plaintiff. Your ability to share
in any recovery doesn’t require that you serve as a lead plaintiff.
To obtain additional information, contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/gerdau-s-a.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160629006370/en/
Levi & Korsinsky, LLPJoseph E. Levi,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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