INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Embraer S.A. & Encourages Investors with Lo...
August 10 2016 - 12:47PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Embraer S.A. (“Embraer” or the
“Company”) (NYSE: ERJ). Investors who purchased or otherwise
acquired shares between April 16, 2012 and July 28, 2016 (the
“Class Period”) are encouraged to contact the Firm prior to the
October 7, 2016 lead plaintiff motion
deadline.
If you are an Embraer shareholder who suffered losses during the
Class Period, click here to participate. In addition, we
advise you to contact Michael Goldberg or Brian Schall, of Goldberg
Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA
90067, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Complaint alleges that the Company made false and misleading
statements and/or failed to disclose material facts, specifically:
that it paid bribes to Dominican Republic officials to secure
contracts for aircraft sales; that Embraer's President and CEO
Frederico Curado had knowledge of the bribe; that the fallout from
this misconduct would cost Embraer hundreds of millions of dollars;
and as a result of the above, the Company’s statements about its
business, operations, and prospects were false and misleading
and/or lacked a reasonable basis at all relevant times. In June
2016, the Company stated that its CEO Frederico Curado would be
stepping down. On July 29, 2016, Embraer announced a loss of $99.4
million for the quarter after setting aside $200 million in
connection with a U.S. Foreign Corrupt Practices Act probe that it
was negotiating with the U.S. Department of Justice since May 2015.
The Company also reduced 2016 guidance for its executive jet
business. When this news was announced, Embraer shares fell in
value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160810005897/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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