INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Gerdau S.A. of Commencement of a Class Action Lawsuit & a Lead ...
July 12 2016 - 9:43AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired American Depositary Receipts of Gerdau S.A.
(“Gerdau” or the “Company”) (NYSE:GGB) between June 2, 2011 and May 15, 2016.
You are hereby notified that a securities class action
has commenced in the USDC for the Southern District of New York. If
you purchased or otherwise acquired Gerdau securities between June
2, 2011 and May 15, 2016, your rights may be affected by this
action. To get more information go to:
http://www.zlk.com/pslra/gerdau-s-a.
The complaint alleges that, 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 Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/gerdau-s-a.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive experience representing investors
in securities litigation involving financial fraud, and have
recovered hundreds of millions of dollars for aggrieved
shareholders. Attorney advertising. Prior results do not guarantee
similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160712006029/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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