Equity alert: rosen law firm announces investigation of securities claims against gerdau s.a. – ggb

New york--(business wire)--rosen law firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of gerdau s.a. (nyse:ggb) resulting from allegations that gerdau may have issued materially misleading business information to the investing public. on may 16, 2016, various news outlets reported that brazil’s federal police accused gerdau of evading $429 million in taxes and indicted gerdau executives, including chief executive officer andrÉ gerdau johannpeter, on corruption-related charges. the charges included bribery, money laundering, and influence peddling. on this news, shares of gerdau fell $0.13 per share or over 7% from its previous closing price to close at $1.72 per share on may 16, 2016. rosen law firm is preparing a class action lawsuit to recover losses suffered by gerdau investors. if you purchased shares of gerdau on or before may 16, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-898.html for more information. you may also contact phillip kim, esq. or kevin chan, esq. of rosen law firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. rosen law firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. attorney advertising. prior results do not guarantee a similar outcome.
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