DEADLINE TOMORROW: Lundin Law PC Announces Securities Class Action Lawsuit against Graña y Montero S.A.A. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 27, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Graña y Montero S.A.A. (“Graña y Montero” or the “Company”) (NYSE: GRAM) concerning possible violations of federal securities laws between July 24, 2013 and February 24, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm by the April 28, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, Graña y Montero made false and/or misleading statements and/or failed to disclose: that the Company was aware that its Brazilian partner, Odebrecht S.A., paid bribes to former Peruvian President Alejandro Toledo to win construction work on a road traveling from Peru to Brazil; and as a result, the Company’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 24, 2017, Reuters published an article highlighting a report that Graña y Montero knew about $20 million in bribes paid to former Peruvian President Alejandro Toledo by its partner, Odebrecht. Upon release of this news, the Company’s stock price declined significantly, which harmed investors, according to the Complaint.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: LundinLaw PC

ReleaseID: 460926