SAN FRANCISCO, March 24, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Graña y Montero S.A.A. (NYSE:GRAM) to the expanded class period in the pending securities class action. The expanded class period is July 24, 2013 through February 24, 2017. The Lead Plaintiff deadline is April 28, 2017.
If you purchased or otherwise acquired securities of GRAM between July 24, 2013 and February 24, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit
https://www.hbsslaw.com/cases/GRAM
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing GRAM@hbsslaw.com.
On February 24, 2017, a former representative of Odebrecht SA, the Brazilian partner of GRAM on a Peru-Brazil road project, told local news magazine Hildebrandt en sus trece that top executives of GRAM were aware of Odebrecht paying $20 million in bribes to former Peruvian President Alejandro Toledo in order to win construction projects in the country. On this news the price of GRAM shares fell over 34% to close at $3.32.
Since then, the Company announced its three top executives resigned amid the graft scandal.
“We’re concerned about the possible foreign corruption on the part of the Company or its executives, especially since the Defendants repeatedly stated GRAM abides by the highest corporate governance standards,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding GRAM 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 GRAM@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. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.