Lundin Law PC announces a class action lawsuit has been filed against Gerdau S.A. ("Gerdau" or the "Company") (NYSE: GGB) concerning possible violations of federal securities laws between June 2, 2011 and May 15, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the July 25, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, Gerdau issued false and misleading statements to investors and/or failed to disclose that: 1) the Company was engaged in a bribery scheme with Brazil’s Board of Tax Appeals; 2) Gerdau defrauded Brazilian tax authorities of about $429 million; 3) the Company’s CEO and other directors and employees engaged in bribery, money laundering, and peddling for influence; and 4) as a result, Gerdau’s public statements were materially false and misleading throughout the Class Period.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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/20160623005354/en/
Contacts:
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlaw.com
