A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2015. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-665.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
The Rosen Law Firm, a global investor rights law firm, reminds purchasers of Centrais Elétricas Brasileiras S.A. - Eletrobras (NYSE:EBR) ADSs from February 10, 2014 through April 29, 2015, all dates inclusive (the "Class Period") of the important September 21, 2015 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Eletrobras investors under the federal securities laws. To join the Eletrobras class action, go to the firm's website at http://www.rosenlegal.com/cases-665.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action. The lawsuit is pending in U.S. District Court for the Southern District of New York. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. According to the lawsuit, defendants throughout the Class Period issued materially false and misleading statements to investors and/or failed to disclose that: (1) the Company's senior officials were in non-compliance with the Company's corporate governance directives and Code of Ethics; (2) as a result, the Company was subject to investigation and disciplinary action by various governmental and regulatory authorities; (3) the Company's financial statements were materially false and misleading as they contained direct references to the Company's Code of Ethics, and statements regarding its compliance with regulations and internal governance policies; (4) the Company lacked adequate internal and financial controls; (5) the SOX certifications signed by Eletrobras' senior management were materially false and misleading as senior management was aware of "any fraud, whether or not material"; and (6), as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.