NEW YORK, Aug. 3, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Braskem S.A. ("Braskem" or the "Company") (NYSE:BAK) securities between June 1, 2010 and March 11, 2015.
Click here to learn about the case: http://docs.wongesq.com/BAK-Info-Request-Form-833. There is no cost or obligation to you.
On March 11, 2015, a report from the São Paulo newspaper Folha de S. Paolo implicated Braskem in the corruption scandal surrounding Petroleo Brasileiro S.A. – Petrobras. The article alleges that Braskem paid at least $5 million annually to Petrobras between 2006 and 2012 to acquire crude derivative contracts at cheaper prices, according to testimony made by former Petrobras executive Paulo Roberto Costa and self-confessed money launderer Alberto Youssef.
If you suffered a loss in Braskem you have until August 31, 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 lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/BAK-Info-Request-Form-833.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.