July 07, 2017
Brazilian steel manufacturer Gerdau SA has agreed to pay $15 million to settle a proposed class of investors' allegations that the company misled them by failing to disclose its involvement in a purported bribery scheme with Brazilian tax authorities, according to documents filed in New York federal court Thursday.
August 10, 2016
A New York federal judge decided on Tuesday to put Robbins Geller at the helm of a proposed securities class action alleging tax evasion and bribery at Brazilian steel manufacturer Gerdau, which allegedly lost the firm's client $1.4 million.
May 26, 2016
Brazilian steel manufacturer Gerdau was hit with a proposed shareholder class action in New York federal court on Thursday in which investors claim the company lied about and covered up a $429 million tax evasion, violating the Exchange Act and causing stocks to drop.