Glancy Prongay & Murray Commences Investigation on Behalf of Banco Bradesco S.A. Investors
June 01 2016 - 11:48AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of investors of Banco Bradesco S.A. (“Banco
Bradesco” or the “Company”) (NASDAQ:BBD) concerning the Company and
its officers’ possible violations of federal securities laws. GPM
is preparing a lawsuit on behalf of injured investors.
Banco Bradesco accepts deposits and offers commercial banking
services throughout Brazil, Argentina, the United States and United
Kingdom.
On May 31, 2016, several news reports disclosed that the
Company’s CEO was indicted by Brazil police on corruption related
charges. The Company, through its executives allegedly attempted to
avoid paying an $828 million tax expense due to Brazil’s Tax
Revenue Service. On this news shares of Banco Bradesco fell nearly
6%, on volume of over 31 million shares, to close on May 31, 2016
at $6.26 a share.
If you purchased Banco Bradesco securities, 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 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/20160601006427/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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