Glancy Prongay & Murray Commences Investigation on Behalf of Gerdau S.A. Investors

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Gerdau S.A. (“Gerdau” or the “Company”) (NYSE: GGB) concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.

On or around March 26, 2015, several news outlets reported that Gerdau was raided by the Brazilian Federal Police as a part of "Operation Zelotes", an investigation into alleged tax fraud by a number of Brazilian companies. According to reports, Gerdau is accused of having entered into a bribery scheme and defrauding Brazilian tax authorities of over $380 million.

On this news, the value of Gerdau’s American Depository Receipts ("ADRs") fell over 11%, to close on March 27, 2015 at just $3.06 per share on unusually heavy volume.

Then on May 16, 2016, numerous media outlets reported that Brazil's federal police had accused Gerdau of evading $429 million in taxes and indicted several Gerdau executives, including Chief Executive Officer André Gerdau Johannpeter, on corruption-related charges involving bribery, money laundering, and influence peddling.

On this news, Gerdau's ADRs fell over 7%, to close at just $1.72 per share on May 16, 2016.

If you purchased Gerdau securities, have information or would like to learn more about these claims, or 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/20160608006326/en/

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