LOS ANGELES, CA / ACCESSWIRE / July 9, 2016 / Lundin Law PC announces that a class action lawsuit has been filed against Banco Bradesco S.A. ("Banco Bradesco" or the "Company") (NYSE: BBD) concerning possible violations of federal securities laws between April 30, 2012 and May 31, 2016 (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the August 2, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here to participate. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent 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 million 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; the Company'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.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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CONTACT:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/
SOURCE: Lundin Law PC