INVESTOR ALERT: Hagens Berman Reminds Banco Bradesco S.A. (NYSE: BBD, BBDO) Investors of August 2, 2016 Lead Plaintiff Deadli...
July 25 2016 - 9:30AM
Hagens Berman Sobol Shapiro LLP reminds investors in
Banco
Bradesco S.A. (NYSE:BBD) (NYSE:BBDO)
that the Lead
Plaintiff Deadline is August 2, 2016.
If you purchased or otherwise acquired
securities of Banco Bradesco S.A. between April 30, 2012
and May 31, 2016 and suffered $100,000 or more in losses
contact Hagens Berman Sobol Shapiro LLP. For
more information visit
https://www.hbsslaw.com/cases/BBD
or contact Reed Kathrein, who is leading the
firm’s investigation, by calling 510-725-3000 or
emailing BBD@hbsslaw.com.
The litigation concerns Brazil’s two-year federal probe into
corruption and money laundering by numerous Brazilian companies,
including Banco Bradesco, and the tax fraud indictments of CEO Luiz
Carlos Trabuco, CFO Luiz Carlos Angelotti, and senior vice
president Domingos de Abreu.
When Associated Press reported on March 27, 2015 that Brazil’s
Federal Police were investigating more than 50 companies, including
banks, for allegedly bribing officials to reduce or annul fines on
unpaid taxes the price of Banco Bradesco’s shares fell
approximately 20% to close at $8.86 per share that day.
Later, when Reuters reported on May 31, 2016 the indictments of
Trabuco, Angelotti, and Abreu in a tax fraud investigation tied to
the overall corruption and money laundering probe, the price of
Banco Bradesco’s shares fell approximately 6% to close at $6.26 per
share on May 31, 2016.
“The apparent plot to illegally avoid an approximate $828
million tax fine and resulting senior executive indictments suggest
securities fraud,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public
information regarding Banco Bradesco should consider their options
to help in the investigation or take advantage of the SEC
Whistleblower program. Under the new SEC whistleblower program,
whistleblowers who provide original information may receive rewards
totaling up to 30 percent of any successful recovery made by the
SEC. For more information, call Reed Kathrein at
510-725-3000 or email BBD@hbsslaw.com.
About Hagens Berman Hagens Berman is a national investor-rights
law firm headquartered in Seattle, Washington with offices in 10
cities. The Firm represents investors, whistleblowers, workers and
consumers in complex litigation. More about the Firm and its
successes can be found at www.hbsslaw.com. Read the Firm’s
Securities Newsletter, and visit the blog. For the latest news
visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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