BAK INVESTOR ALERT: Investigation on Behalf of Braskem S.A. Shareholders Announced by the Law Offices of Howard G. Smith
April 09 2015 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of purchasers of the
securities of Braskem S.A. (“Braskem” or the “Company”)
(NYSE:BAK).
Braskem SA, Latin America’s biggest petrochemicals maker by
sales, has been implicated in a bribery and corruption scandal that
enabled the Company to purchase raw materials at favorable prices.
According to news reports and testimony from Petroleo Brasileiro
SA’s former executive, Braskem paid annual bribes, initially set at
$5 million, to buy crude derivatives such as naphtha and propylene
at low prices from 2006 to 2012. After reports of the pervasive
bribery scandal surfaced the Company’s equity and debt securities
prices have fallen sharply and investors have been damaged.
If you purchased Braskem shares or debts securities prior to
March 17, 2015 you are encouraged to contact Howard Smith, Esquire
to discuss your legal rights: Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com