July 25 Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit...
July 20 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming July 25, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of a class
(the “Class”) of investors who purchased Gerdau S.A. (“Gerdau” or
the “Company”) (NYSE: GGB) securities between June 2, 2011 and
May 15, 2016, inclusive (the “Class Period”). Gerdau investors
have until July 25, 2016 to file a lead plaintiff
motion.
The complaint filed in this lawsuit alleges that Defendants
engaged in a bribery scheme whereby the Company attempted to
corrupt Brazilian tax authorities to avoid payment of over $400
million in taxes. Upon disclosure of police raids and a potential
government action against the Company for recovery of the tax
liabilities, the Company’s shares fell sharply in value.
If you purchased Gerdau shares, you may move the Court no later
than July 25, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by e-mail
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160720005375/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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