GGB Investors: The Wagner Firm Announces the Filing of a Securities Class Action on Behalf of Gerdau S.A. Investors
July 21 2016 - 10:30AM
Business Wire
The Wagner Firm announces the filing of a class action
lawsuit on behalf 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.
Gerdau investors have until July 25, 2016 to move the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. If you have information or would like to learn more
about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Avi Wagner, Esquire, of The Wagner Firm,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
at (310) 491-7949, by e-mail at info@thewagnerfirm.com, or
visit our website at http://thewagnerfirm.com.
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/20160721005318/en/
The Wagner Firm, Los Angeles, CAAvi Wagner, (310)
491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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