IMPORTANT SHAREHOLDER NOTICE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Embraer S.A. & Encourages I...
August 10 2016 - 11:05AM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed against Embraer S.A. (“Embraer” or the
“Company”) (NYSE: ERJ). Investors who purchased or otherwise
acquired shares between April 16, 2012 and July 18, 2016 inclusive
(the “Class Period”), are encouraged to contact the Firm prior to
the October 7, 2016 lead plaintiff motion deadline.
If you purchased shares of Embraer during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive 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.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160810005764/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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