July 20, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) shares over potential securities laws violations by Centrais Eletricas Brasileiras SA and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) concerning whether a series of statements by Centrais Eletricas Brasileiras SA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On April 29, 2015, Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) announced that its Form 20-F will not be filed with the SEC by April 30, 2015 due to news reports about the alleged plea bargain entered into by the former president of Camargo Corra, in the context of Operation Lava Jato, who stated that at the time that Eletrobras Termonuclear S.A Eletronuclear (Eletronuclear) hired a consortium for the construction of the mechanical assembly of the Angra 3 nuclear power plant, there were discussions negotiating the payment of alleged bribes to the CEO of Eletronuclear, Othon Luiz Pinheiro da Silva.

Shares of Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) traded during 2011 as high as $19.87 per share.