SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving Gerdau S.A. and a Lead Plaint...
May 31 2016 - 3:22PM
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.
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
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