GPM Reminds Investors of the July 25 Deadline in the Class Action Lawsuit Against Gerdau S.A.
July 13 2016 - 10:30AM
Business Wire
Investors with over $100,000 in losses are encouraged to contact
Lesley Portnoy, Esquire to discuss their legal rights
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
July 25, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased Gerdau S.A. (“Gerdau” or the “Company”)
(NYSE: GGB) securities between June 2, 2011 and May 15,
2016, inclusive (the “Class Period”). Gerdau investors have
until July 25, 2016 to file a lead plaintiff
motion.
The complaint filed in this lawsuit alleges that Defendants
engaged in a bribery scheme whereby the Company attempted to
corrupt Brazilian tax authorities to avoid payment of over $400
million in taxes. Upon disclosure of police raids and a potential
government action against the Company for recovery of the tax
liabilities the Company’s shares fell sharply in value.
If you purchased Gerdau shares, you may move the Court no later
than July 25, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160713005327/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Gerdau (NYSE:GGB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gerdau (NYSE:GGB)
Historical Stock Chart
From Sep 2023 to Sep 2024