NEW ORLEANS, Aug. 19, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until October 7, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Embraer S.A. (NYSE: ERJ), if they purchased the
Company's securities between April 16,
2012 and July 28, 2016,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Southern District of
New York.
What You May Do
If you purchased shares of Embraer and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by October 7,
2016.
About the Lawsuit
Embraer and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false statements include, but are not limited to,
that Embraer had paid bribes to officials in the Dominican Republic to secure contracts for the
sale of aircraft, a scheme that Embraer's President and Chief
Executive Officer was aware of.
On July 29, 2016, Embraer revealed
that negotiations with the U.S. Department of Justice and
Securities and Exchange Commission for the settlement of the
allegations of non-compliance with the U.S. Foreign Corrupt
Practices Act had progressed to the point that the company
was recognizing a $200 million loss
contingency.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC