NEW YORK, October 24, 2020 / PRNewswire / – Rosen Law Firm, an international law firm specializing in investor rights, reminds buyers of securities of Braskem SA (NYSE: BAK) between May 6, 2016 and July 8, 2020, including (the “Class Period”), October 26, 2020 lead plaintiff’s delay in a securities class action. The lawsuit seeks to recover damages for Braskem’s investors under federal securities laws.
To join the Braskem class action lawsuit, go to http://www.rosenlegal.com/cases-register-1921.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on collective action.
According to the lawsuit, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose to investors that: (1) Braskem’s salt mining operations were dangerous and presented significant danger to surrounding areas, including nearly two thousand properties; (2) the foregoing has predictably increased the risk that Braskem will be subject to remedial liabilities, including, but not limited to, increased government and / or regulatory oversight or enforcement, pecuniary damages and significant reputation and / or the permanent closure of one or more of its salt mining operations; (3) therefore, the profits generated by Braskem’s salt mining operations were not viable; (4) Braskem downplayed the actual scope and severity of the company’s liability for its salt mining activities; and (5) therefore, the defendants’ public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
A class action has already been filed. If you want to become the principal applicant, you must move the court not later than October 26, 2020. A principal plaintiff is a representative party acting on behalf of the other members of the group in the direction of the litigation. If you would like to join the litigation, please visit http://www.rosenlegal.com/cases-register-1921.html or to discuss your rights or interests in relation to this class action lawsuit, please contact Phillip Kim, Esq. from Rosen law firm toll free at 866-767-3653 or by e-mail at [email protected] or [email protected].
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY A LAWYER UNLESS YOU KEEP ONE. YOU CAN RETAIN ANY ADVICE OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT MEMBER AND DO NOTHING AT THIS POINT. THE ABILITY OF AN INVESTOR TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT ON HIS ACTING AS LEADING PLAINTIFF.
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Rosen Law Firm represents investors around the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 3 every year since 2013. Rosen Law Firm has achieved the greatest settlement of a class action lawsuit never completed against a Chinese company. Rosen Law Firm attorneys are ranked and recognized by many independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen, PA Law Firm