IMPORTANT INVESTOR NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Embraer S.A. & Encourages Investor...
August 09 2016 - 5:30PM
Business Wire
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160809006482/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
Embraer (NYSE:ERJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Embraer (NYSE:ERJ)
Historical Stock Chart
From Jul 2023 to Jul 2024