Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 7, 2016 to file lead plaintiff applications in a securities class action lawsuit against Embraer S.A. (NYSE: ERJ), if they purchased the Company’s securities between April 16, 2012 and July 28, 2016, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Embraer and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 7, 2016.
About the Lawsuit
Embraer and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false statements include, but are not limited to, that Embraer had paid bribes to officials in the Dominican Republic to secure contracts for the sale of aircraft, a scheme that Embraer’s President and Chief Executive Officer was aware of.
On July 29, 2016, Embraer revealed that negotiations with the U.S. Department of Justice and Securities and Exchange Commission for the settlement of the allegations of non-compliance with the U.S. Foreign Corrupt Practices Act had progressed to the point that the company was recognizing a $200 million loss contingency.