ERJ SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Embraer S.A. & a Lead Pl...
September 06 2016 - 10:55AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Southern District of
New York on behalf of investors who purchased Embraer S.A. (NYSE:
ERJ) securities between April 16, 2012 and July 28, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/embraer-s-a. There is no cost
or obligation to you.
According to the complaint, throughout the Class Period
defendants made false and/or misleading statements and/or failed to
disclose that: (1) the Company undertook an illicit bribery scheme;
(2) the CEO and top executives knew of the illicit scheme; (3) the
consequences of the illicit scheme would cost the Company hundreds
of millions of dollars; and, as a result, (4) the Company’s
reported financials were false.
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.
If you suffered a loss in Embraer you have until October 7, 2016
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/embraer-s-a.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160906006069/en/
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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