SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Gerdau S.A. of a Class Action Lawsuit and a Lead Plaintiff D...
July 18 2016 - 10:50AM
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.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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