NEW YORK, Sept. 13, 2016 /PRNewswire/ -- 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 Embraer S.A. (NYSE: ERJ)
securities between April 16, 2012 and
July 28, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/embraer-s-a. There is no cost
or obligation to you.
According to the complaint, throughout the Class Period
defendants made false and/or misleading statements and/or failed to
disclose that: (1) the Company undertook an illicit bribery scheme;
(2) the CEO and top executives knew of the illicit scheme; (3) the
consequences of the illicit scheme would cost the Company hundreds
of millions of dollars; and, as a result, (4) the Company's
reported financials were false.
In 2014, Brazilian authorities filed a complaint against an
Embraer sales consultant and eight former Embraer executives and
directors, alleging that the sales consultant admitted to paying
bribes on behalf of the Company, with the knowledge of its top
management. Then in June 2016,
Embraer announced the impending departure of its CEO Frederico Curado. Then on July 29, 2016, Embraer reported a loss of
$99.4 million for the quarter after
setting aside $200 million in
connection with an U.S. Foreign Corrupt Practices Act
investigation.
If you suffered a loss in Embraer you have until October 7, 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/embraer-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.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
Logo - http://photos.prnewswire.com/prnh/20140904/143045
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/erj-investor-alert-the-law-offices-of-vincent-wong-notifies-investors-of-commencement-of-a-class-action-involving-embraer-sa-and-a-lead-plaintiff-deadline-of-october-7-2016-300327181.html
SOURCE The Law Offices of Vincent
Wong