NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Petroleo Brasileiro S.A. - Petrobras (“Petrobras” or the “Company”) (NYSE: PBR) securities between May 20, 2010 and November 21, 2014.
For more information, click here: http://zlk.9nl.com/petroleo-brasileiro-pbr.
The complaint alleges that Petrobras failed to disclose a culture of corruption at the Company, including a money-laundering bribery scheme, and that the Company overstated its property, plant, and equipment line item on its balance sheet.
If you suffered a loss in Petrobras you have until February 6, 2015 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 Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/petroleo-brasileiro-pbr.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits and have helped shareholders recover millions of dollars in losses over the years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.