NEW YORK, July 29, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired American Depositary Shares of Centrais Elétricas Brasileiras S.A. - Eletrobras ("Eletrobras") (NYSE:EBR) between February 10, 2014 and April 29, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Eletrobras ADSs between February 10, 2014 and April 29, 2015, inclusive, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/centrais-eletricas-ebr
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.