LOS ANGELES--(BUSINESS WIRE)--The Wagner Firm announces an investigation on behalf of Graña y Montero S.A.A. (“Graña y Montero” or the “Company”) (NYSE: GRAM) investors concerning the Company and its officers’ potential violation of federal securities laws.
On February 24, 2017, a report disclosed that the Company knew of bribes paid by a partner infrastructure developer Odebrecht in Peru, citing testimony of former Odebrecht executive Jorge Barata. Notably, in January 2017, Peru rescinded a contract to build and operate a pipeline to a consortium formed by Odebrecht and Graña y Montero in part because of the alleged bribery scandal. On this news, Graña y Montero shares fell nearly 35% on February 24, 2017.
If you purchased Graña y Montero shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at firstname.lastname@example.org.
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