NOTICE: Rosen Law Firm Reminds Gerdau S.A. Investors of Important July 25 Deadline in Class Action - GGB
July 18 2016 - 6:51PM
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.
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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