SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Embraer S.A. of a Class Action Lawsuit & a Lead Plaintiff De...
September 23 2016 - 9:48AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Embraer S.A. (“Embraer”) (NYSE: ERJ)
between April 16, 2012 and July 28,
2016. You are hereby notified that a securities
class action lawsuit has been commenced in the USDC for the
Southern District of New York. To get more information go
to:
http://www.zlk.com/pslra/embraer-s-a
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period
defendants made false and/or misleading statements and/or failed to
disclose that: (1) the Company undertook an illicit bribery scheme;
(2) the CEO and top executives knew of the illicit scheme; (3) the
consequences of the illicit scheme would cost the Company hundreds
of millions of dollars; and, as a result, (4) the Company’s
reported financials were false.
In 2014, Brazilian authorities filed a complaint against an
Embraer sales consultant and eight former Embraer executives and
directors, alleging that the sales consultant admitted to paying
bribes on behalf of the Company, with the knowledge of its top
management. Then in June 2016, Embraer announced the impending
departure of its CEO Frederico Curado. Then on July 29, 2016,
Embraer reported a loss of $99.4 million for the quarter after
setting aside $200 million in connection with an U.S. Foreign
Corrupt Practices Act investigation.
If you suffered a loss in Embraer you have until October 7, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160923005460/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
Embraer (NYSE:ERJ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Embraer (NYSE:ERJ)
Historical Stock Chart
From Sep 2023 to Sep 2024