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 monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ERJ Embraer SA

26.40
-0.68 (-2.51%)
Last Updated: 15:15:30
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
  -0.68 -2.51% 26.40 26.7999 25.87 26.69 659,259 15:15:30

SHAREHOLDER NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Embraer S.A. & Encourages Investors with ...

12/08/2016 4:53pm

Business Wire


Embraer (NYSE:ERJ)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Embraer Charts.

Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Embraer S.A. ("Embraer" or the "Company") (NYSE: ERJ) concerning possible violations of federal securities laws between April 16, 2012 and July 28, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 7, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The Complaint alleges that 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 stated 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 announced, Embraer shares fell in value.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile: 888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/

1 Year Embraer Chart

1 Year Embraer Chart

1 Month Embraer Chart

1 Month Embraer Chart

Your Recent History

Delayed Upgrade Clock