GGB SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving Gerdau S...
July 08 2016 - 11:28AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Southern District of
New York on behalf of investors who purchased Gerdau S.A. (NYSE:
GGB) American Depositary Shares between June 2, 2011 and May 15,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/gerdau-s-a. There is no cost or
obligation to you.
According to the complaint, 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 Vincent Wong,
Esq. either via email vw@wongesq.com, by telephone at 212.425.1140,
or visit http://www.wongesq.com/pslra/gerdau-s-a.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160708005690/en/
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax: 866-699-3880vw@wongesq.com
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