Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Gerdau S.A. (“Gerdau” or the “Company”) (NYSE: GGB). Investors who purchased or otherwise acquired shares between June 2, 2011 and May 15, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the July 25, 2016, lead plaintiff motion deadline.
If you purchased shares of Gerdau during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, the Company failed to disclose that (1) the Company was engaged in a bribery scheme in collusion with Brazil’s Board of Tax Appeals (“CARF”); and (2) Gerdau had defrauded Brazilian tax authorities of roughly $429 million in taxes.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160616006573/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
