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ERJ Embraer SA

25.6301
-0.3199 (-1.23%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Embraer SA NYSE:ERJ NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.3199 -1.23% 25.6301 26.5599 25.655 26.48 1,392,466 01:00:00

ERJ SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Embraer S.A. & a Lead P...

19/09/2016 7:05pm

Business Wire


Embraer (NYSE:ERJ)
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The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Embraer S.A. (NYSE: ERJ) securities between April 16, 2012 and July 28, 2016.

Click here to learn about the case: http://www.wongesq.com/pslra/embraer-s-a. There is no cost or obligation to you.

According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company undertook an illicit bribery scheme; (2) the CEO and top executives knew of the illicit scheme; (3) the consequences of the illicit scheme would cost the Company hundreds of millions of dollars; and, as a result, (4) the Company’s reported financials were false.

In 2014, Brazilian authorities filed a complaint against an Embraer sales consultant and eight former Embraer executives and directors, alleging that the sales consultant admitted to paying bribes on behalf of the Company, with the knowledge of its top management. Then in June 2016, Embraer announced the impending departure of its CEO Frederico Curado. Then on July 29, 2016, Embraer reported a loss of $99.4 million for the quarter after setting aside $200 million in connection with an U.S. Foreign Corrupt Practices Act investigation.

If you suffered a loss in Embraer you have until October 7, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/embraer-s-a.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

The Law Offices of Vincent WongVincent Wong, Esq., 212-425-1140Fax. 866-699-3880vw@wongesq.com

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