IRVINE, CA / ACCESSWIRE / July 22, 2016 / 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 e-mail 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.
The complaint alleges that Gerdau issued false and misleading statements to investors and/or failed to disclose that: the Company was engaged in a bribery scheme with Brazil's Board of Tax Appeals; Gerdau defrauded Brazilian tax authorities of about $429 million; the Company's Chief Executive Officer and other directors and employees engaged in bribery, money laundering, and peddling for influence; and as a result of the above, Gerdau's public statements were materially false and misleading throughout the Class Period.
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 e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 442737
