IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Banco Bradesco S.A. (“Banco Bradesco” or the “Company”) (NYSE: BBD). Investors who purchased or otherwise acquired shares between April 30, 2012 through May 31, 2016, inclusive (the “Class Period”), are encouraged to contact the Firm prior to the August 2, 2016, lead plaintiff motion deadline.
If you purchased shares of Banco Bradesco 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 email@example.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.
According to the complaint, the Company made materially false and/or misleading statements and failed to disclose that: Banco Bradesco was involved in bribery with the Brazilian Finance Ministry’s CARF; the Company’s executives were planning on avoiding a $828,000,000.00 tax fine by Brazil’s Internal Revenue Service; several of Banco Bradesco’s CEO, executives, directors, and employees were engaged in bribery, corruption, and money laundering; Banco Bradesco’s internal control of financial reporting, procedures, and disclosure controls were ineffective; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On May 31, 2016 news reports disclosed that the Company’s CEO was indicted by Brazilian police on corruption charges. Upon announcement of this news on May 31, 2016, shares of Banco Bradesco fell nearly 6% on that same day.
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 firstname.lastname@example.org.
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