ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ERJ Embraer SA

25.95
0.00 (0.00%)
Pre Market
Last Updated: 09:05:19
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
  0.00 0.00% 25.95 0 09:05:19

IMPORTANT INVESTOR NOTICE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Embraer S.A. & Encourages Inve...

15/08/2016 8:45pm

Business Wire


Embraer (NYSE:ERJ)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Embraer Charts.

Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Embraer S.A. (“Embraer” or the “Company”) (NYSE: ERJ). Investors who purchased or otherwise acquired shares between April 16, 2012 and July 28, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the October 7, 2016 lead plaintiff motion deadline.

If you purchased shares of Embraer during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company made false and misleading statements and/or failed to disclose material facts, specifically that it paid bribes to Dominican Republic officials to secure contracts for aircraft sales; that Embraer's President and CEO Frederico Curado had knowledge of the bribe; that the fallout from this misconduct would cost Embraer hundreds of millions of dollars; and as a result of the above, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.

In June 2016, the Company announced that its CEO Frederico Curado would be stepping down. On July 29, 2016, Embraer announced a loss of $99.4 million for the quarter after setting aside $200 million in connection with a U.S. Foreign Corrupt Practices Act probe that it was negotiating with the U.S. Department of Justice since May 2015. The Company also reduced 2016 guidance for its executive jet business. When this news was disclosed, Embraer shares fell in value, causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Khang & Khang LLPJoon M. Khang, Esq.Telephone: 949-419-3834Facsimile: 949-225-4474joon@khanglaw.com

1 Year Embraer Chart

1 Year Embraer Chart

1 Month Embraer Chart

1 Month Embraer Chart

Your Recent History

Delayed Upgrade Clock