July 25 Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit against Gerdau S.A.

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith reminds investors of the upcoming July 25, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased Gerdau S.A. ("Gerdau" or the "Company") GGB securities between June 2, 2011 and May 15, 2016, inclusive (the "Class Period"). Gerdau investors have until July 25, 2016 to file a lead plaintiff motion.

The complaint filed in this lawsuit alleges that Defendants engaged in a bribery scheme whereby the Company attempted to corrupt Brazilian tax authorities to avoid payment of over $400 million in taxes. Upon disclosure of police raids and a potential government action against the Company for recovery of the tax liabilities, the Company's shares fell sharply in value.

If you purchased Gerdau shares, you may move the Court no later than July 25, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by e-mail to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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