IMPORTANT SHAREHOLDER NOTICE: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against Gerdau S.A....
July 07 2016 - 8:29PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed against Gerdau S.A. (“Gerdau” or the
“Company”) (NYSE: GGB). Investors who purchased or otherwise
acquired shares between June 2, 2011 and May 15, 2016 inclusive
(the “Class Period”), are encouraged to contact the Firm prior to
the July 25, 2016 lead plaintiff motion deadline.
If you purchased shares of Gerdau during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
According to the complaint, Gerdau issued false and misleading
statements to investors and/or failed to disclose that: the Company
was engaged in a bribery scheme with Brazil’s Board of Tax Appeals;
Gerdau defrauded Brazilian tax authorities of about $429 million;
the Company’s CEO and other directors and employees engaged in
bribery, money laundering, and peddling for influence; and as a
result, Gerdau’s public statements were materially false and
misleading throughout the Class Period.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160707006521/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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