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NEW YORK, July 22, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired American Depositary Receipts of Braskem S.A. ("Braskem") (NYSE:BAK) between June 1, 2010 and March 11, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Braskem ADRs between June 1, 2010 and March 11, 2015, your rights may be affected by this action. To get more information go to:
On March 11, 2015, a report from the São Paulo newspaper Folha de S. Paolo implicated Braskem in the corruption scandal surrounding Petroleo Brasileiro S.A. – Petrobras. The article alleges that Braskem paid at least $5 million annually to Petrobras between 2006 and 2012 to acquire crude derivative contracts at cheaper prices, according to testimony made by former Petrobras executive Paulo Roberto Costa and self-confessed money launderer Alberto Youssef.
If you suffered a loss in Braskem you have until August 31, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comNEXT ARTICLE