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Name | Symbol | Market | Type |
---|---|---|---|
Banco Bradesco SA | NYSE:BBD | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.01 | -0.37% | 2.71 | 2.78 | 2.71 | 2.77 | 23,989,788 | 01:00:00 |
Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Banco Bradesco S.A. (“Banco Bradesco” or the “Company”) (NYSE: BBD, BBDO). Investors who purchased or otherwise acquired shares between April 30, 2012 and May 31, 2016 (the “Class Period”) are encouraged to contact the firm in advance of the August 2, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss 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.
According to the complaint, the Company made materially false and/or misleading statements and failed to disclose that: Banco Bradesco was involved in bribery with the Brazilian Finance Ministry's CARF; the Company's executives were planning on avoiding a $828 million tax fine by Brazil's Internal Revenue Service; several of Banco Bradesco's executives, directors, employees and the CEO were engaged in bribery, corruption, and money laundering; Banco Bradesco's internal control of financial reporting, procedures, and disclosure controls were ineffective; and as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On May 31, 2016 news reports disclosed that the Company's CEO was indicted by Brazilian police on corruption charges. Upon announcement of this news on May 31, 2016, shares of Banco Bradesco fell nearly 6% on that same day.
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/20160718005259/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq., 800-977-7401Brian Schall, Esq., 800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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