BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Banco Bradesco S.A. (“Banco Bradesco” or the “Company”) (NASDAQ: BBD) concerning the Company and its officers’ possible violations of federal securities laws.
Banco Bradesco accepts deposits and offers commercial banking services throughout Brazil, Argentina, the United States and United Kingdom.
On May 31, 2016, several news reports disclosed that the Company’s CEO was indicted by Brazil police on corruption related charges. The Company, through its executives allegedly attempted to avoid paying an $828 million tax expense due to Brazil’s Tax Revenue Service. On this news shares of Banco Bradesco fell nearly 6%, on volume of over 31 million shares, to close on May 31, 2016 at $6.26 a share.
If you purchased Banco Bradesco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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