SHAREHOLDER ALERT: Rosen Law Firm Reminds Gerdau S.A. Investors of Important Deadline in Class Action - GGB
11 June 2016 - 2:56AM
Business Wire
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Gerdau S.A. securities (NYSE:GGB) from June 2, 2011
through May 15, 2016, both dates inclusive (the “Class Period”) of
the important July 25, 2016 lead plaintiff deadline in the class
action. The lawsuit seeks to recover damages for Gerdau investors
under the federal securities laws.
To join the Gerdau class action, go to the firm’s website at
http://rosenlegal.com/cases-898.html or call Phillip Kim, Esq. or
Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued false and misleading statements to investors and/or failed
to disclose that: (1) Gerdau was engaged in a bribery scheme in
collusion with Brazil's Board of Tax Appeals ("CARF"); (2) Gerdau
had defrauded Brazilian tax authorities of roughly $429 million in
taxes; (3) Gerdau’s Chief Executive Officer (“CEO”), Defendant
André Bier Gerdau Johannpeter (“Johannpeter”) and other directors
and employees of Gerdau had engaged in bribery, money laundering,
and influence peddling; and (4) as a result, Gerdau’s public
statements were materially false and misleading at all relevant
times. When the true details entered the market, the lawsuit claims
that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than July
25, 2016. A lead plaintiff is a representative party acting on
behalf of other class members in directing the litigation. If you
wish to join the litigation, go to the firm’s website at
http://rosenlegal.com/cases-898.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising. Prior
results do not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160610005744/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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