STOCK ALERT: Rosen Law Firm Reminds Banco Bradesco S.A. Investors of Important August 2 Deadline in Class Action Filed by Fir...
July 11 2016 - 3:05PM
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Banco Bradesco S.A. American Depository Shares
(NYSE:BBD) (NYSE:BBDO) from April 30, 2012 through May 31, 2016,
both dates inclusive (the “Class Period”) of the important August
2, 2016 lead plaintiff deadline in the class action filed by the
firm. The lawsuit seeks to recover damages for Banco Bradesco
investors under the federal securities laws.
To join the Banco Bradesco class action, go to the
firm’s website at http://www.rosenlegal.com/cases-903.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) Banco Bradesco was
engaged in a bribery scheme in collusion with the Brazilian Finance
Ministry’s CARF; (2) Banco Bradesco executives were plotting to
avoid an $828 million tax fine that was imposed by Brazil’s
Internal Revenue Service; (3) Banco Bradesco’s CEO, Defendant
Cappi, and other executives, directors and employees of the Company
had engaged in bribery, money laundering, and corruption; (4) Banco
Bradesco’s internal control over financial reporting and its
disclosure controls and procedures were not effective; and (5) as a
result, Banco Bradesco’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 August 2, 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 http://www.rosenlegal.com/cases-903.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. Attorney
Advertising. Prior results do not guarantee a similar
outcome.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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