GGB Investors: The Wagner Firm Announces the Filing of a Securities Class Action on Behalf of Gerdau S.A. Investors

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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