NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Samarco Mineração S.A.'s 10-year notes respectively due 2022, 2023, and 2024 (collectively, the "Notes") from October 31, 2012 through November 30, 2015, both dates inclusive (the "Class Period"). Such investors are advised to join this case by visiting the firm's site: www.bgandg.com/samarco.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Samarco's Fundão tailings dam had existing systemic and structural deficiencies; (2) Samarco disregarded multiple reliable warnings about Fundão tailings dam's condition, while advising its investors that it had relieved much of the catastrophic risk of an accident through "a combination of risk management, careful evaluation, experience and knowledge,"; and (3) consequently, defendants' statements about Samarco's business, operations, and prospects were false and misleading and/or lacked a reasonable basis. On November 5, 2015, Samarco's Fundão tailings dam burst and later investigations exposed that Samarco had ignored safety concerns about it for years.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/samarco or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Samarco you have until January 13, 2017 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC