NEW YORK, July 5, 2016 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC for the Southern
District of New York on behalf of
investors who purchased Gerdau S.A. (NYSE: GGB) American Depositary
Shares between June 2, 2011 and
May 15, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/gerdau-s-a. There is no
cost or obligation to you.
According to the complaint, throughout the Class Period,
defendants issued false and misleading statements to investors
and/or failed to disclose that (1) the Company was engaged in a
bribery scheme in collusion with Brazil's Board of Tax Appeals; (2) Gerdau had
defrauded Brazilian tax authorities of roughly $429 million in taxes; (3) Gerdau's Chief
Executive Officer, Defendant André Bier Gerdau Johannpeter, and
other directors and employees of the Company 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.
If you suffered a loss in Gerdau you have until July 25, 2016 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/gerdau-s-a.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong