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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Braskem S.A. (NYSE: BAK) from May 6, 2020 through July 8, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Braskem S.A. investors under the federal securities laws.
If you bought Braskem S.A. securities between May 6, 2020 through July 8, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Braskem S.A. – BAK
New York, N.Y., September 15, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Braskem S.A. (NYSE: BAK) between May 6, 2020 and July 8, 2020, inclusive (the “Class Period”).
To join the BAK class action, go to http://zhanginvestorlaw.com/cases/braskem-s-a/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take not action at this time.
According to the lawsuit, throughout the Class Period (1) Braskem’s salt mining operations were unsafe and presented a significant danger to surrounding areas, including nearly two thousand properties; (2) the foregoing foreseeably increased the risk that Braskem would be subjected to remedial liabilities, including, but not limited to, increased governmental and/or regulatory oversight or enforcement, significant monetary and reputational damage, and/or the permanent closure of one or more of its salt mining operations; (3) accordingly, earnings generated from Braskem’s salt mining operations were unsustainable; (4) Braskem downplayed the true scope and severity of the Company’s liability with respect to its salt mining operations; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/braskem-s-a/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.