Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Gerdau S.A. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Gerdau S.A. (“Gerdau” or the “Company”) (NYSE:GGB).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that several of its executives might have been involved in illegal activities and tax evasion.
Specifically, on May 16, 2016, Brazilian news agencies reported that Brazil’s federal police charged several Gerdau executives, including Chief Executive Officer André Gerdau Johannpeter, of bribery, money laundering, and influence peddling. Furthermore, the Company is being accused of evading $429 million in taxes.
On this news, Gerdau’s share price has fallen from a closing price of $ 1.72 per share on May 16, 2016 to a low price of $1.59 on May 17, 2016 —a $0.13 or a 7.5% drop.
If you invested in Gerdau stock or options and would like to discuss your legal rights, please fill out the for below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Gerdau’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.