SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Regarding Possible Violations of Federal Securities Laws ...
August 08 2016 - 10:39AM
Business Wire
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.
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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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