Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Gerdau S.A. (NYSE: GGB) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Gerdau S.A. (NYSE: GGB) concerning whether a series of statements by Gerdau S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 16, 2016, numerous news outlets reported that Brazil’s federal police charged Gerdau of evading $429 million in taxes and indicted Gerdau executives, including CEO André Gerdau Johannpeter, on corruption charges that included bribery, money laundering, and influence peddling.

Following this news, NYSE: GGB shares dropped over 7% on May 16, 2016.

Based in Porto Alegre, Brazil, and founded in 1901 Gerdau S.A. produces and commercializes steel products globally.

If you purchased shares of Gerdau S.A. (NYSE: GGB) you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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