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Name | Symbol | Market | Type |
---|---|---|---|
Embraer SA | NYSE:ERJ | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.03 | -6.82% | 27.72 | 29.86 | 27.49 | 29.81 | 2,448,020 | 01:00:00 |
Levi & Korsinsky announces it has commenced an investigation of Embraer S.A. (NYSE:ERJ) (“Embraer”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
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. Embraer also announced it has been negotiating with the U.S. Department of Justice to settle the investigation since May of 2015. To obtain additional information, go to:
http://zlk.9nl.com/embraer-erj
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160808005728/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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