GPM Reminds Investors of the July 25 Deadline in the Class Action Lawsuit Against Gerdau S.A.

Investors with over $100,000 in losses are encouraged to contact Lesley Portnoy, Esquire to discuss their legal rights

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the July 25, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Gerdau S.A. (“Gerdau” or the “Company”) (NYSE: GGB) securities between June 2, 2011 and May 15, 2016, inclusive (the “Class Period”). Gerdau investors have until July 25, 2016 to file a lead plaintiff motion.

The complaint filed in this lawsuit alleges that Defendants engaged in a bribery scheme whereby the Company attempted to corrupt Brazilian tax authorities to avoid payment of over $400 million in taxes. Upon disclosure of police raids and a potential government action against the Company for recovery of the tax liabilities the Company’s shares fell sharply in value.

If you purchased Gerdau shares, you may move the Court no later than July 25, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [e-mail], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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/20160713005327/en/

Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy, 310-201-9150 or [e-mail]