IMPORTANT SHAREHOLDER NOTICE: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against Banco Brade...
July 08 2016 - 6:07PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed against Banco Bradesco S.A. (“Banco
Bradesco” or the “Company”) (NYSE: BBD). Investors who purchased or
otherwise acquired shares between April 30, 2012 through May 31,
2016, inclusive (the “Class Period”), are encouraged to contact the
Firm prior to the August 2, 2016, lead plaintiff motion
deadline.
If you purchased shares of Banco Bradesco 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.
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 $828,000,000.00 tax fine by Brazil’s Internal Revenue Service;
several of Banco Bradesco’s CEO, executives, directors, and
employees 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.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160708005880/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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