SAN FRANCISCO, July 25, 2016 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Banco Bradesco S.A. (NYSE:BBD) (NYSE:BBDO) that the Lead Plaintiff Deadline is August 2, 2016.
If you purchased or otherwise acquired securities of Banco Bradesco S.A. between April 30, 2012 and May 31, 2016 and suffered $100,000 or more in losses contact Hagens Berman Sobol Shapiro LLP. For more information visit
https://www.hbsslaw.com/cases/BBD
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing BBD@hbsslaw.com.
The litigation concerns Brazil’s two-year federal probe into corruption and money laundering by numerous Brazilian companies, including Banco Bradesco, and the tax fraud indictments of CEO Luiz Carlos Trabuco, CFO Luiz Carlos Angelotti, and senior vice president Domingos de Abreu.
When Associated Press reported on March 27, 2015 that Brazil’s Federal Police were investigating more than 50 companies, including banks, for allegedly bribing officials to reduce or annul fines on unpaid taxes the price of Banco Bradesco’s shares fell approximately 20% to close at $8.86 per share that day.
Later, when Reuters reported on May 31, 2016 the indictments of Trabuco, Angelotti, and Abreu in a tax fraud investigation tied to the overall corruption and money laundering probe, the price of Banco Bradesco’s shares fell approximately 6% to close at $6.26 per share on May 31, 2016.
“The apparent plot to illegally avoid an approximate $828 million tax fine and resulting senior executive indictments suggest securities fraud,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Banco Bradesco should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email BBD@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.