EMBRAER SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Exces...
September 16 2016 - 10:07PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until October 7, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
Embraer S.A. (NYSE: ERJ), if they purchased the Company’s
securities between April 16, 2012 and July 28, 2016, inclusive (the
“Class Period”). This action is pending in the United States
District Court for the Southern District of New York.
What You May Do
If you purchased shares of Embraer and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by October 7, 2016.
About the Lawsuit
Embraer and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false statements include, but are not limited to,
that Embraer had paid bribes to officials in the Dominican Republic
to secure contracts for the sale of aircraft, a scheme that
Embraer’s President and Chief Executive Officer was aware of.
On July 29, 2016, Embraer revealed that negotiations with the
U.S. Department of Justice and Securities and Exchange Commission
for the settlement of the allegations of non-compliance with the
U.S. Foreign Corrupt Practices Act had progressed to the point that
the company was recognizing a $200 million loss contingency.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160916005821/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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