[April 20, 2017] |
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DEADLINE ALERT: Brower Piven Reminds Investors of the Upcoming Deadline in Class Action Lawsuit and Encourages Investors with Losses in Excess of $100,000 from Investment in Graña y Montero SAA to Contact the Firm
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Eastern District of New York on
behalf of purchasers of Graña y Montero SAA (NYSE: GRAM) ("GRAM" or the
"Company") American Depositary Shares (ADSs) expanding the class period
to July 24, 2013 and February 24, 2017, inclusive. Investors who wish to
become proactively involved in the litigation have until April 28, 2017
to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in GRAM ADSs during the Class
Period. Members of the class will be represented by the lead plaintiff
and counsel chosen by the lead plaintiff. No class has yet been
certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virte of the defendants' failure to disclose
during the Class Period that the Company was aware that its Brazilian
partner paid bribes to former Peruvian President Alejandro Toledo to win
construction work on a road traveling from Peru to Brazil.
According to the complaint, following a February 24, 2017 article
highlighting a report that the Company knew about $20 million in bribes,
the value of GRAM ADSs declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
GRAM ADSs purchased on or after July 24, 2013 and held through the
revelation of negative information during and/or at the end of the Class
Period and would like to learn more about this lawsuit and your ability
to participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company's conduct during the
period in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170420006604/en/
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