Monthly Archives: June 2016

Jigsaw & Associates Launches Mobile And On-Site Bookkeeping And Accounting Services

June 24, 2016 – – Jigsaw & Associates, located in Oklahoma City, Oklahoma, has launched a new company with services including Accounting, Bookkeeping, Payroll, Taxes, Business Consulting, and on-site mobile services for both individuals and business owners. The company has introduced these services knowing accounting and taxes are both complex financial operations that require accurate and timely reporting to ensure specific regulations are met.

Recognizing the number of small business owners and individuals struggling to maintain compliance, and the costly mistakes being made along the way is the primary reason the company considers their services to be invaluable. Additional details are available on the company’s website at www.jigsaw-associates.com.

Veronica Ray, owner of Jigsaw & Associates, explains: “My mission is to empower and assist entrepreneurs in structuring their business and ultimately building financially solid companies from the beginning and to assist small business owners by providing them the first class financial services they need, without the high cost. We provide ongoing training on a monthly basis, covering a vast array of training material and information. And even better, we’ve made our professional services totally mobile.”

Jigsaw & Associates employs only the highest qualified staff to provide these services. They have obtained the necessary qualifications as Xero Certified Advisors, QuickBooks Pro Advisors, Certified Professional Bookkeepers, and IRS Registered Tax Preparers. Their fulfillment of continuous personal and professional development enables them to best meet the demands of their clientele. Additionally, Veronica Ray points out that she uses her trust in God to further improve her services.

Part owner, Betty Naff, attended multiple tax schools and worked for several tax agencies and companies throughout Oklahoma. “My primary focus is on tax strategies. I continued my education in the classroom and applied practical, real-life settings, in the business world. Leading a team of tax professionals for the duration of my career, now I operate as an IRS Registered Tax Professional.”

Jigsaw & Associates saw the need for mobile accounting and bookkeeping services for their clients. Ray says, “Our ability to meet clients in their office has increased the value of our services even more. It’s not always convenient or even practical for a business owner who is involved in the day to day operations to schedule time out of their day; even when it is critical to the business. That’s why we come to you. We want our financial services to be a joy, not more taxing than it already is.”

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Contact Jigsaw & Associates:

Veronica Ray
405-217-0150
info@jigsaw-associates.com
3030 NW Expressway
Suite 200
Oklahoma City, OK 73112

ReleaseID: 60010885

MDL For IVC Filter Lawsuit Cases Progresses As Plaintiffs Await Date For Settlement Conference With U.S. Magistrate Judge

June 24, 2016 – – TheProductLawyers.com reports on the creation of a multidistrict litigation (MDL) by the U.S. Judicial Panel on Multidistrict Litigation (JPML) related to 250 cases filed against Cook Medical in regard to the IVC filter they manufacture. It is expected that over the coming months more cases will be added to the MDL. The consolidation was ordered in October 2014 by the JPML and the MDL is being overseen in a court in the Southern District of Indiana. The MDL is designed to facilitate a “fast track” process to litigate the lawsuits that have already been filed sometime in the beginning of September 2016.

Plaintiffs in the MDL allege that the cage-like devices surgically implanted into their inferior vena cava vein have actually moved from their original insertion points. Some also claim that the device has fractured and have been notified by doctors that the devices and/or pieces cannot be surgically removed, as they have migrated to what are considered more “high risk” locations in the body. Due to this inability to remove the IVC filter, many patients live in fear that they will experience potentially life-threatening consequences.

Many plaintiffs are hoping for a settlement and in some form of resolution of their cases without the necessity of a trial. A settlement conference was originally scheduled for March 2016 but Cook Medical had that date pushed back and is now seeking yet another postponement for additional investigation and research of the issues. No subsequent date has yet been set for the settlement conference.

The settlement conference is designed to put all the players in one room to discuss settlement options before a U.S. Magistrate Judge. Plaintiffs in the cases filed that are part of the MDL are hoping for successful negotiations once a settlement conference actually takes place.

Banville Law is currently working to ensure that those individuals who believe they have been affected by the use of these filters are given the important opportunity to explore their legal rights. The firm has years of experience fighting large pharmaceutical companies who have marketed dangerous drugs or devices. Qualifying individuals may be entitled to significant financial compensation.

For more information, to ask questions, or to schedule a free consultation, contact Banville Law by calling (888) 997-3792.

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Contact TheProductLawyers.com:

Banville Law
888-997-3792
info@banvillelaw.com
165 West End Ave #1h,
New York, NY 10023

ReleaseID: 60011003

Xarelto Lawsuit Plaintiffs Allege Lack Of Antidote For Several Years Put Patients At Risk

June 24, 2016 – – TheProductLawyers.com announces that case selection in the mass litigation against Xarelto began earlier this year. The bellwether action brings the more than 2,200 suits represented by multidistrict litigation (MDL) 2592 before Judge Eldon Fallon, presiding in the Eastern District of Louisiana, who will determine the nature of the allegations against the new-generation anticoagulant.

Initially hailed as a breakthrough in the treatment of blood clots and attendant complications, critics now call Xarelto the most dangerous blood thinner on the market today. In many ways, the anticoagulant stood above the more established treatment options in that it offered users more freedom from dietary restrictions and physician monitoring. The manufacturers, however, released it without an accompanying antidote, which means that even a minor injury could become life-threatening. Xarelto remained available to the public for several years without an antidote.

All other anticoagulant drugs in use possessed an antidote in the instance that complications with the drug arise. If a bleeding event occurs, the physician administering a traditional blood thinner can treat their patient with vitamin K. This reverses the drug’s impact and permits the body to heal itself. While blood clots in the circulatory system can be fatal, inability to clot a wound or internal rupture can also be deadly.

Physicians treating patients on Xarelto had to consider surgery or other drastic, life-saving measures in the event of bleeding because the impact of the drug could not be counteracted. This means that clotting could not occur and a catastrophic bleeding episode could possibly result in death. Several plaintiffs allege that use of the drug placed them at an increased risk of serious harm or death.

While selection for the bellwether cases began earlier in 2016, information about the potential issues involved with Xarelto use is becoming more widespread. This may result in additional cases being brought against the manufacturers of the anticoagulant in the coming year, as those who claim to have suffered harm while on Xarelto seek damages.

The attorneys of Banville Law, the firm behind TheProductLawyers.com, are offering complimentary consultations to anyone who suffered injury or hospitalization after a bleed while on Xarelto. For more information about this release or the Xarelto litigation call 888-997-3792.

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Contact TheProductLawyers.com:

Banville Law
888-997-3792
info@banvillelaw.com
165 West End Ave #1h,
New York, NY 10023

ReleaseID: 60010997

IVC Filter Lawsuit Plaintiffs Await Decision On Cook Medical’s Request For Settlement Conference Rescheduling

June 24, 2016 – – TheProductLawyers.com reports on allegations made by patients who have filed lawsuits against the manufacturer of an IVC filter, Cook Medical. Plaintiffs in these lawsuits claim that the IVC filters are defectively designed and can move from their original surgically placed location, as well as fracture, thus allowing pieces of the device to migrate in the bloodstream causing additional damage. Due to this migration of the device and/or pieces some patients have been told by surgeons that surgical removal is not possible since removal would be from “high risk” areas. Due to the inability to remove the IVC filter, patients fear that they will be subject to additional life-threatening risks if the device and/or pieces migrate to yet another location in the body.

In October 2014, the U.S. Judicial Panel on Multidistrict Litigation (JPML) consolidated over 250 cases into a multidistrict litigation (MDL) overseen by a court in the Southern District of Indiana which will facilitate the “fast tracking” the litigation process. Since the creation of the MDL, Cook Medical as well as the plaintiffs who filed lawsuits have been getting ready for their day in court which is scheduled for the beginning of September 2016. There are expectations that additional cases will be added to the MDL.

It is the hope of some that a settlement can be reached negating the need to go to trial. A settlement conference was originally scheduled for March 2016 but Cook requested a postponement so that its legal advisors could conduct additional research and investigate plaintiff claims further. The settlement conference is a forum where all involved parties can discuss options for a potential settlement among each other in front of a U.S. Magistrate Judge.

As these cases are expected to accumulate, Banville Law is looking to assist those individuals who believe they have suffered significantly from the use of an IVC filter.The firm strongly believes in leveling the playing field by pursuing justice for those who have been affected by dangerous devices or drugs. Qualifying persons may be entitled to legal action and significant financial compensation. Banville Law has years of experience fighting large pharmaceutical companies who have put dangerous drugs or devices into the market.

For more information on IVC filters, to ask questions or to schedule a consultation, contact an attorney at Banville Law by calling (888) 997-3792.

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Contact TheProductLawyers.com:

Banville Law
888-997-3792
info@banvillelaw.com
165 West End Ave #1h,
New York, NY 10023

ReleaseID: 60010999

College Station Equipment Malfunction, Generates Comments From Construction Accident Lawyer

June 24, 2016 – – LipsigLawyers.com’s Thomas Moverman commented on a recent incident in College Station, Texas, where a local man was injured and rushed to the hospital following a painful fall. Thomas Moverman hopes that the local man is able to make a full recovery from the injuries he sustained, and eventually is able to return to working in construction. Moverman also cited this incident as yet another example to federal regulators to revise the current construction safety rules and regulations.

As indicated by local CBS affiliate KBTX.com, a local man was severely injured after an equipment malfunction knocked the man off of machinery and into a large hole. Shortly after the incident, the College Station Fire Department responded to the scene to assist the man out of the hole and back up to street level. The worker, an employee of Brazos Paving, was rushed to a local hospital and stabilized according to local authorities.

Luckily for the College Station victim, he was able to be stabilized and treated for his injuries. However, the Occupational Safety & Health Administration (OSHA) indicated that in 2014 there were 73 construction workers who died after being struck by an object. OSHA is a small agency that has a large responsibility which includes handling the safety and well-being of nearly 130 million American workers, which are employed at over 8 million different worksites. Therefore, each of the 2,200 OSHA inspectors is tasked with the nearly impossible job of handling the responsibility of the health and safety of 59,000 workers each.

Thomas Moverman of Lipsig, Shapey, Manus, & Moverman is pleased to offer free legal consultations to all construction accident victims. Moverman has had impressive success while representing previous construction accident victims, and in some cases has helped secure his clients sizable compensation. For instance, in one previous case, Moverman helped his client secure $2,600,000 following a scaffolding fall which left the client with several broken ribs and a severely injured spine.

For more information on construction injuries, or for a consultation, contact an attorney with Lipsig, Shapey, Manus & Moverman at (646)-846-4496.

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Contact LipsigLawyers.com:

Marc Freund
877-711-9545
mfreund@lipsig.com
40 Fulton St, New York, NY 10038

ReleaseID: 60010985

Extor Launches Professional SEO Services

June 24, 2016 – – Dhaka, Bangladesh-based Extor has announced the launch of their professional SEO services. Extor is an internet marketing company that provides marketing services to businesses around the world. Kazi Jakaria, cofounder of the company, says, “We know that clients will find our methods effective, even when other companies have failed.”

Jakaria has more than 10 years of experience in the computer industry, with proven work ability for mult imillion dollar companies. His experience includes certification in SEO, PPC, and SEM, as well as 3D animation, web development, and visual effect.

Extor offers a number of SEO services, including a link building package that Jakaria says will help businesses to see greater returns on their investment. He states that many companies are not aware of how important link building is, and that the strategies used by Extor have been proven effective at finding quality, organic links to increase search engine ranking and drive traffic to websites. Jakaria explains that search engines consider sites linking to the site as a vote of confidence so this can improve ranking.

“We have spent years perfecting our craft,” points out Jakaria. “This is how we know without a doubt that these methods work, and they work well.”

In addition, the company will be providing social media marketing that can help online and offline businesses to increase their customer base. Jakaria states that social media marketing is one of the main ways today to draw attention to a business or brand, and that many companies are not fully utilizing this concept. Extor will be providing global companies with social media services to help them create a strong online presence.

Extor offers a number of other services as well, all designed to help businesses increase their customer base and ultimately, their income. Jakaria states that they have experience in a wide range of business marketing topics, and that they can assist companies of all sizes and industries to increase awareness.

Businesses interested in learning more about the new range of services that the company will be offering can visit them on their official website. Extor also provides a blog that gives information to companies about SEO and various other strategies for increasing their bottom line.

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Contact Extor:

Kazi Jakaria
+8801743873065
info@extorfx.com
House – 447/A, Road No-7
1st floor, Baridhara DOHS,Dhaka-1206

ReleaseID: 60010965

TopRecommendedProfessional.com Announces Top Performers For The Week Of June 24, 2016.

TopRecommendedProfessional.com a website that accepts nominees from the top professionals, worldwide, is pleased to announce the selected top performers for the week of June 24, 2016.

June 24, 2016 /MarketersMedia/

TRP recognizes Jason Yesser as a top professional in SEO.

“Doing business online is nothing more than positioning your company in front of the right person at the right time as the solution to their problem. Since everyone uses Google and search engines to find their answers, it is imperative to utilize SEO so you can be on page 1 as the solution they need.”

For more information or to contact Jason visit
whitenoisedigital.com

TRP recognizes Jeff P. Vogan, President of Premiere Retirement Planning and Wealth Management, as a top professional in helping people manage wealth by and maximize retirement income so they can retire and stay retired with total peace of mind.

“Many retirees don’t understand and often don’t plan for the potentially devastating effect market volatility can have on stable retirement income. Before taking on more risk, retirees should first consider pension and Social Security maximization strategies, and guaranteed lifetime annuity payouts.”

For more information or to contact Jeff visit
www.premret.com

TRP recognizes Credible Security Solutions, Inc., as a top professional in the security and investigative industry.

“When conducting a security assessment or an investigation, I am convinced that analyzing the past, evaluating the present and providing a plan for the future; establishes a credible solution that will protect you, your family and your assets. Protection is a matter of prevention, not reaction.”

For more information or to contact Credible Security Solutions, Inc., visit
www.credible-ss.com

TRP recognizes Rick White’s Sailing Seminars; RAM Press, Book Publisher; OnLineMarineStore.com; Rick White’s Sailing Seminars; Catamaran Sailor Magazine; Catsailor.com, author of Sailing Drills: How to Sail Better, Faster, Smarter, Safer; Catamaran Racing: For the 90s, as a top professional in sailing, sailboat racing, and coaching sailing.

“My Rick White’s Sailing Seminars has taught over 3000 winning sailor.., 8 are Olympic Medalists. 50+ World-Class sailors were Guest Experts. When they talked it went in one ear.., and I plugged the other one. So, I have a wealth of knowledge and use it to help others. My books/videos do just that!”

For more information or to contact Rick visit
www.catsailor.com/sailingseminars/ss_overview.html

TRP recognizes Carl Hunter as a top professional in mind-power development.

“Activating new neural pathways in your brain using the MindFlavors™ technology is the single most important thing you can do to unlock higher powers of your subconscious mind and quickly get rid of limiting mental patterns so you can easily manifest your desires.”

For more information or to contact Carl visit
MindFlavors.com

TRP recognizes Michael Leslie as a top professional political strategist and consultant specializing in digital technologies.

“The days of newspaper, radio and TV ads are dying. Today’s political elections are being won through the intelligent use of digital technologies and strategies. The use of Social Media, Videos, and an arsenal of other digital strategies, the Candidate will Dominate the electorate like never before.”

For more information or to contact Michael visit
https://www.linkedin.com/in/michaelwleslie

TRP recognizes Pinky Morada as a top professional in media authority.

“Your perceived value in a marketplace increases significantly once you position yourself as an authority in your industry. This results to more high paying clients, more sales, and consequently higher profits.”

For more information or to contact Pinky visit
http://philippineoutsourcingsolutions.com

TRP recognizes Cynthia Marshall, MBA, as a top professional in business and money coaching for service based entrepreneurs, business owners and sales professionals.

“Numbers alone don’t tell the whole story. It doesn’t really matter how much you earn, how hard you work or even how many opportunities you have. If you have an unhealthy relationship with money, or emotional blocks around money, you have little chance of ever reaching your financial goals.”

For more information or to contact Cynthia visit
www.CynthiaMarshall.com

TRP recognizes Kelly Kramer as a top professional in SEO.

“Helping businesses get more business.”

For more information or to contact Kelly visit
http://richtradesman.com

TRP recognizes Patty Archibald as a top professional in sales and business development.

“Results-oriented executive leader in sales, business development, marketing, procurement and supply chain. Proven success in foodservice and retail distribution and manufacturing meeting aggressive performance objectives, controlling costs, improving market share while gaining customer loyalty.”

For more information or to contact Patty visit
www.linkedin.com/pattyarchibald

For more information, please visit http://www.TopRecommendedProfessional.com

Contact Info:
Name: Greig Wells
Organization: TopRecommendedProfessional.com

Source: http://marketersmedia.com/toprecommendedprofessional-com-announces-top-performers-for-the-week-of-june-24-2016/120982

Release ID: 120982

Micromem Technologies Inc. Interim Filings

TORONTO, ON and NEW YORK, NY / ACCESSWIRE / June 24, 2016 / Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) (the “Company”) announces it has filed its interim financial statements for the period ended April 30, 2016, together with the Management’s Discussion & Analysis on SEDAR and EDGAR today. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.

About Micromem and MASTInc

MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC QX: MMTIF, CSE: MRM) company. MASTInc analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com; www.mastinc.com.

Safe Harbor Statement

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential,” and similar expressions may be used to identify forward-looking statements.

The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.

Listing:

NASD OTC-QX – Symbol: MMTIF
CSE – Symbol: MRM

Shares issued: 200,543,036
SEC File No: 0-26005

Investor Contact: info@micromeminc.com; Tel. 416-364-2023

Subscribe to receive News Releases by Email on our website’s home page. www.micromeminc.com

SOURCE: Micromem Technologies Inc.

ReleaseID: 441639

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Unilife Corporation of Class Action Lawsuit and Upcoming Deadline – UNIS

NEW YORK, NY / ACCESSWIRE / June 24, 2016 / Pomerantz LLP announces that a class action lawsuit has been against Unilife Corporation (“Unilife” or the “Company”) (NASDAQ: UNIS) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-03986, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Unilife securities between February 3, 2014 and May 23, 2016 inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Unilife securities during the Class Period, you have until July 25, 2016 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click
here to join this class action]

Unilife is a designer, manufacturer, and supplier of innovative injectable drug delivery systems that can purportedly enhance and differentiate the injectable drugs, biologics and vaccines, or collectively, injectable therapies, of the Company’s pharmaceutical and biotechnology customers.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s former Chief Executive Officer (“CEO”) and former Chairman of the Board of Directors had violated the Company’s policies and procedures and had engaged in violations of law and regulation; (ii) the Company lacked adequate internal controls over accounting and financial reporting; (iii) as a result, the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2016 by the prescribed filing deadline; and (iv) as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about Unilife’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On May 8, 2016, the Company disclosed to investors that it was postponing its earnings conference call, originally scheduled for May 9, 2016 due to the discovery of violations of Company policies and procedures and possible violations of law and regulation by the Company’s “former Chief Executive Officer” and by the “former Chairman of the Company’s Board of Directors who resigned in 2015.” The Company also announced that it was investigating the issues’ potential impact on financial reporting and internal controls over financial reporting, related to the Company’s previously-issued financial statements, current interim financial information, and management’s certifications. Finally, the Company disclosed that it expected to delay filing its quarterly Form 10-Q for the period ended March 31, 2016.

On this news, Unilife’s stock price fell $1.50per share, or more than 29%, to close at $3.60 per share on May 9, 2016, on unusually heavy trading volume.

On May 11, 2016, after the market closed, Unilife filed a Notification of Late Filing on Form 12b-25 with the SEC. Therein, the Company disclosed that Unilife’s current management team discovered violations of the registrant’s policies and procedures and possible violations of law and regulation by the registrant’s former Chief Executive Officer and by the former Chairman of the registrant’s Board of Directors who resigned in 2015. The Company also announced that it was investigating the violations’ potential impact on financial reporting and internal controls over financial reporting, related to previously-issued financial statements, current interim financial information, and management’s certifications. Finally, the Company disclosed that, as a result of the foregoing, the Company was unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2016 by the prescribed filing deadline.

On this news, Unilife’s stock price fell $0.30 per share, or 8.1%, to close at $3.40 per share on May 12, 2016, on unusually heavy trading volume. The stock price continued to decline, falling another $0.28 per share, or 9.1%, to close at $3.12 per share on May 13, 2016, on unusually heavy trading volume.

On May 23, 2016, after the market closed, the Company disclosed that it received a letter from The NADSAQ Stock Market LLC notifying the Company that it was not in compliance with NASDAQ Listing Rule 5250(c)(1) because it had not filed its Form 10-Q for the period ended March 31, 2016 in a timely manner with the Securities and Exchange Commission.

On this news, Unilife’s stock price fell $0.31 per share, or more than 10%, to close at $2.64 per share on May 24, 2016, on unusually heavy trading volume.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 441638

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Gerdau S.A. of Class Action Lawsuit and Upcoming Deadline – GGB

NEW YORK, NY / ACCESSWIRE / June 24, 2016 / Pomerantz LLP announces that a class action lawsuit has been filed on behalf of Gerdau S.A. (“Gerdau” or the “Company”) (NYSE: GGB) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-03925, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Gerdau securities as American depositary receipts (“ADRs”) between June 2, 2011 and May 15, 2016, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Gerdau securities during the Class Period, you have until July 25, 2016 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this
class action]

Gerdau produces and commercializes steel products worldwide. The Company operates through Brazil Business Operation, North America Business Operation, South America Business Operation, and Special Steel Business Operation segments.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was engaged in a bribery scheme in collusion with Brazil’s Board of Tax Appeals (“CARF”); (ii) Gerdau had defrauded Brazilian tax authorities of roughly $429 million in taxes; (iii) Gerdau’s Chief Executive Officer (“CEO”), Defendant André Bier Gerdau Johannpeter (“Johannpeter”) and other directors and employees of the Company had engaged in bribery, money laundering, and influence peddling; and (iv) as a result of the foregoing, Defendants’ statements about Gerdau’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On or about March 26, 2015, Brazilian authorities announced that a Federal Police investigation, dubbed Operation Zelotes, had uncovered a multibillion-dollar tax fraud scheme at the Ministry of Finance (“Finance Ministry”), reporting that as many as 70 companies had bribed members of the CARF, a body within the Finance Ministry that hears appeals on tax disputes, to obtain favorable rulings that recused or waived the amounts that the companies owed. On or around March 29, 2015, it was reported that Gerdau was among the companies under investigation.

On December 4, 2015, the Brazilian publication Jornal do Comércio reported that a report by a committee of the National Congress of Brazil had named Gerdau, along with other companies, as a beneficiary of a tax evasion scheme.

On this news, Gerdau’s ADR price fell $0.11, or 6.96%, to close at $1.47 on December 4, 2015.

On or around February 25, 2016, post-market, Brazilian police raided Gerdau offices in connection with Operation Zelotes, as police carried out some 20 court orders for testimony and 18 search warrants in Recife, Porto Alegre, Rio de Janeiro, Sao Pãulo, and Brasília. Gerdau’s CEO, Defendant Johannpeter, was among the individuals ordered to testify by day’s end. In an e-mailed statement, Gerdau stated that the Company had never authorized the use of its name in illegal negotiations and that the Company abided by rigorous ethical standards.

On this news, Gerdau’s ADR price fell $0.03, or 3.16%, to close at $0.92 on February 25, 2016.

On February 29, 2016, Gerdau announced that it would delay the release of its fourth-quarter financial results as the Company “analyze[d] the case records involving Gerdau in the recent phase of [the] Zelotes Operation.”

On May 16, 2016, various news outlets reported that Brazil’s federal police had accused Gerdau of evading $429 million in taxes and indicted a total of 19 Gerdau personnel, including Defendant Johannpeter and some of the Company’s executives, directors and lawyers, on corruption-related charges including bribery, money laundering, and influence peddling.

On this news, Gerdau’s ADR price fell $0.13, or over 7%, to close at $1.72 on May 16, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 441637