Gol Linhas Aereas Inteligentes S.A (GOL)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Gol Linhas Aereas Inteligentes S.A. ("Gol" or "the Company") (NYSE: GOL). The investigation concerns whether Gol and certain of its officers and/or directors have violated federal securities laws.
In mid-June 2020, Gol’s auditor, KPMG, raised significant concerns about Gol during the accounting firm’s first annual audit of the Company after being hired in 2019, stating that it had an “adverse opinion” on the strength of Gol's internal controls regarding the preparation of financial statements, adding that there was “substantial doubt” about the airline's ability to exist a year from now.” KPMG’s adverse opinion prompted Gol to carry out a review of its financial reporting procedures. Then, on July 23, 2020, Gol announced the termination of KPMG as its external auditor. On this news, Gol’s American depositary receipt (“ADR”) price fell $0.65, or 7.05%, to close at $7.25 per ADR on July 23, 2020.
If you are aware of any facts relating to this investigation, or purchased Gol shares, you can assist this investigation by contacting the firm. 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.