EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Gerdau S.A. – GGB
May 17 2016 - 3:44PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces it
is investigating potential securities claims on behalf of
shareholders of Gerdau S.A. (NYSE:GGB) resulting from allegations
that Gerdau may have issued materially misleading business
information to the investing public.
On May 16, 2016, various news outlets reported that Brazil’s
federal police accused Gerdau of evading $429 million in taxes and
indicted Gerdau executives, including Chief Executive Officer André
Gerdau Johannpeter, on corruption-related charges. The charges
included bribery, money laundering, and influence peddling. On this
news, shares of Gerdau fell $0.13 per share or over 7% from its
previous closing price to close at $1.72 per share on May 16,
2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by Gerdau investors. If you purchased shares of
Gerdau on or before May 16, 2016, please visit the firm’s website
at http://www.rosenlegal.com/cases-898.html for more information.
You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen
Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160517006610/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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