Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Southern District of New York on behalf of investors who purchased American Depositary Shares of Banco Bradesco S.A. (NYSE: BBD) between April 30, 2012 and May 31, 2016.
The complaint alleges that Banco Bradesco made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was involved in bribery with Brazil’s Administrative Council of Tax Appeals (“CARF”); (2) the Company’s executives planned to avoid a $828 million tax fine by Brazil’s Internal Revenue Service; (3) Banco Bradesco’s CEO, as well as certain executives, directors, and employees were engaged in bribery, corruption, and money laundering; (4) Banco Bradesco’s internal control of financial reporting, procedures, and disclosure controls were ineffective; and (5) as a result of the above, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Banco Bradesco you have until August 2, 2016 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.
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