Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the Southern District of New York on behalf of shareholders who purchased American Depositary Shares of Centrais Elétricas Brasileiras S.A. – Eletrobras between February 10, 2014 and April 29, 2015, inclusive.
According to the complaint, defendants throughout the Class Period issued materially false and misleading statements to investors and/or failed to disclose, among other things, that: (1) the Company’s senior officials were in non-compliance with Eletrobras’ corporate governance directives and Code of Ethics; (2) as a result, the Company was subject to investigation and disciplinary action by various governmental and regulatory authorities; and (3) the Company’s financial statements were materially false and misleading as they contained direct references to the Company’s Code of Ethics, and statements regarding its compliance with regulations and internal governance policies. If you suffered a loss in Eletrobras you have until September 21, 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.
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