NEW YORK, March 20, 2017 (GLOBE NEWSWIRE) -- Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, reminds investors that April 28, 2017 is the last day to file lead plaintiff papers in the lawsuit against Graña y Montero S.A.A. American Depositary Shares (NYSE:GRAM) (“Graña” or the “Company”) related to potential violations of federal securities laws. If you are a Graña shareholder, you are encouraged to contact Scott+Scott for additional information.
Graña, with its subsidiaries, provides engineering and construction, infrastructure, real estate, and technical services in Latin America. In 2014-2016, Graña filed Form 20-Fs with the SEC, stating that the Company “abide[s] by the highest corporate governance standards in Peru.”
On February 24, 2017, Reuters published an article highlighting a local news report that Graña knew about bribes that its Brazilian partner Odebrecht paid to win construction work. On this news, Graña’s stock price fell $1.77 per share, or over 34%, to close at $3.32 per share on February 24, 2017.
What You Can Do
If you purchased or acquired Graña y Montero American Depositary Shares between April 30, 2014 and February 24, 2017 and you wish to discuss this lawsuit, or have questions about this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980 or at rswartz@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.