Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of purchasers of the securities of Braskem
S.A. (“Braskem” or the “Company”) (NYSE:BAK).
Braskem SA, Latin America’s biggest petrochemicals maker by sales, has
been implicated in a bribery and corruption scandal that enabled the
Company to purchase raw materials at favorable prices. According to news
reports and testimony from Petroleo Brasileiro SA’s former executive,
Braskem paid annual bribes, initially set at $5 million, to buy crude
derivatives such as naphtha and propylene at low prices from 2006 to
2012. After reports of the pervasive bribery scandal surfaced the
Company’s equity and debt securities prices have fallen sharply and
investors have been damaged.
If you purchased Braskem shares or debts securities prior to March 17,
2015 you are encouraged to contact Howard Smith, Esquire to discuss your
legal rights: 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 email 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.
Copyright Business Wire 2015