TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Gerdau SA (ADR) (NYSE:GGB) Investor Investigation Concerning Potential Violations Of Securities Laws

  • If you purchased shares of Gerdau SA (ADR) (NYSE:GGB), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Gerdau SA
Security
NYSE: GGB

Summary

May 19, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Gerdau SA (ADR) (NYSE:GGB) shares over potential securities laws violations by Gerdau 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 Gerdau SA (ADR) (NYSE:GGB) concerning whether a series of statements by Gerdau regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 16, 2016, various news outlets reported that Brazils federal police accused Gerdau SA of evading $429 million in taxes and indicted certain Gerdau SA executives, including Chief Executive Officer Andr Gerdau Johannpeter, on corruption-related charges. The charges included bribery, money laundering, and influence peddling.

Shares of Gerdau SA (ADR) (NYSE:GGB) declined to as low as $1.59 per share on May 17, 2016.

Start Monitoring Your Investments