SHAREHOLDER NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit Against Banco Bradesco S.A. And Encourages Inve...
18 July 2016 - 7:30PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed against Banco Bradesco S.A. (“Banco
Bradesco” or the “Company”) (NYSE: BBD, BBDO). Investors who
purchased or otherwise acquired shares between April 30, 2012 and
May 31, 2016 (the “Class Period”) are encouraged to contact the
firm in advance of the August 2, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, the Company made materially false
and/or misleading statements and failed to disclose that: Banco
Bradesco was involved in bribery with the Brazilian Finance
Ministry's CARF; the Company's executives were planning on avoiding
a $828 million tax fine by Brazil's Internal Revenue Service;
several of Banco Bradesco's executives, directors, employees and
the CEO were engaged in bribery, corruption, and money laundering;
Banco Bradesco's internal control of financial reporting,
procedures, and disclosure controls were ineffective; and as a
result of the above, the Company's public statements were
materially false and misleading at all relevant times. On May 31,
2016 news reports disclosed that the Company's CEO was indicted by
Brazilian police on corruption charges. Upon announcement of this
news on May 31, 2016, shares of Banco Bradesco fell nearly 6% on
that same day.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
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/20160718005259/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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