Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Gerdau S.A. ("Gerdau" or the "Company") (NYSE: GGB).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that several of its executives might have been involved in illegal activities and tax evasion.
Specifically, on May 16, 2016, Brazilian news agencies reported that Brazil's federal police charged several Gerdau executives, including Chief Executive Officer André Gerdau Johannpeter, of bribery, money laundering, and influence peddling. Furthermore, the Company is being accused of evading $429 million in taxes.
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