IRVINE, Calif. — Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Graña y Montero S.A.A. (“Graña y Montero” or the “Company”) (NYSE:GRAM). Investors who purchased or otherwise acquired shares between July 24, 2013 and February 24, 2017 inclusive (the “Class Period”), are encouraged to contact the Firm by the April 28, 2017 lead plaintiff motion deadline.
If you purchased the Company’s shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that throughout the Class Period, Graña y Montero made false and/or misleading statements and/or failed to disclose: that Graña y Montero was aware that its Brazilian partner Odebrecht S.A. paid bribes to former Peruvian President Alejandro Toledo to win construction work on a road traveling from Peru to Brazil; and as a result, the Company’s statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On February 24, 2017, Reuters published an article highlighting a report that Graña y Montero knew about $20 million in bribes paid to former Peruvian President Alejandro Toledo by its partner Odebrecht. Upon release of this news, the Company’s stock price decreased materially, which allegedly harmed investors.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].
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Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]