NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Graña y Montero S.A.A.. (NYSE:GRAM) resulting from allegations that Graña y Montero may have issued materially misleading business information to the investing public.
On February 24, 2017, local news magazine Hildebrandt en sus trece reported that Graña y Montero knew about $20 million in bribes paid to former President Alejandro Toledo by Brazilian firm Odebrecht SA. Graña y Montero was one of Odebrecht’s local partners on two sections of a project to pave a road from the Peruvian Amazon to Brazil. On this news, shares of Graña y Montero fell $1.77 per share or over 34% to close $3.32 per share on February 24, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Graña y Montero investors. If you purchased shares of Graña y Montero on or before February 24, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1060.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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