Braskem S.A. (BAK)

BAK Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Braskem S.A. ("Braskem” or "the Company") (NYSE: BAK). The investigation concerns whether Braskem and certain of its officers and/or directors have violated federal securities laws.

 

On July 9, 2020, Braskem disclosed that authorities in northeastern Brazil had advised Braskem that residents of 1,918 homes needed to be evacuated due to a geological event that Braskem had caused via its mining operations.  Braskem estimated that the cost of moving the residents would be 850 million reais, with another 750 million reais for additional measures relating to the permanent closure of Braskem’s salt extraction activities in the region.  On this news, Braskem’s American Depositary Receipt price fell sharply during intraday trading on July 9, 2020, damaging investors. 

 

If you are aware of any facts relating to this investigation, or purchased Braskem shares, you can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

  • Twitter Social Icon
  • LinkedIn

BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.