NEW YORK, June 1, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Banco Bradesco S.A. ("Banco Bradesco" or the "Company") (NYSE: BBD). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Banco Bradesco and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 31, 2016, various news outlets reported that Brazil's federal police indicted Banco Bradesco executives, including Chief Executive Officer Luiz Carlos Trabuco Cappi, on corruption-related charges. Brazil's federal police accused Banco Bradesco executives of plotting to avoid an $828 million tax fine that was imposed by Brazil's Tax Revenue Service.
On this news, Banco Bradesco's stock price fell $0.37 per share, or nearly 5.6%, to close at $6.26 on May 31, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP