JULY 25, 2016 DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit Against Gerdau S.A. & Reminds Investors with ...
June 23 2016 - 5:30AM
Business Wire
Lundin Law PC announces a class action lawsuit has been filed
against Gerdau S.A. ("Gerdau" or the "Company") (NYSE: GGB)
concerning possible violations of federal securities laws between
June 2, 2011 and May 15, 2016. Investors who purchased or otherwise
acquired shares during the Class Period should contact the Firm in
advance of the July 25, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact
Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via
e-mail at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, Gerdau issued false and misleading
statements to investors and/or failed to disclose that: 1) the
Company was engaged in a bribery scheme with Brazil’s Board of Tax
Appeals; 2) Gerdau defrauded Brazilian tax authorities of about
$429 million; 3) the Company’s CEO and other directors and
employees engaged in bribery, money laundering, and peddling for
influence; and 4) as a result, Gerdau’s public statements were
materially false and misleading throughout the Class Period.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160623005354/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlaw.com
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