LEXINGTON, KY / ACCESSWIRE / June 16, 2016 / The law firm of Mehr, Fairbanks & Peterson Trial Lawyers, PLLC announces that a shareholder class action has been filed against Gerdau, S.A. (NYSE: GGB) ("Gerdau" or the "Company") and certain of its officers on behalf of purchasers of the Company's American Depositary Receipts (ADRs) between June 2, 2011 and May 15, 2016, inclusive (the "Class Period").

Gerdau shareholders who purchased their securities during the Class Period may, no later than July 25, 2016, petition the Court to be appointed as a lead plaintiff of the class. For additional information about this lawsuit, or to request information about this action online, please visit http://mehrfairbanks.com/gerdau/.

The Company produces steel products worldwide. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was engaged in a bribery scheme in collusion with Brazil's Board of Tax Appeals; (ii) Gerdau had defrauded Brazilian tax authorities of roughly $429 million in taxes; (iii) Gerdau's Chief Executive Officer, Defendant André Bier Gerdau Johannpeter and other directors and employees of the Company had engaged in bribery, money laundering, and influence peddling; and (iv) as a result, Defendants' statements about the Company's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Erik D. Peterson, Esq. at (800) 249-3731, or via e-mail at contact@austinmehr.com.

Gerdau shareholders who purchased their securities during the Class Period (between June 2, 2011 and May 15, 2016, inclusive) may, no later than July 25, 2016, petition the Court to be appointed as a lead plaintiff of the class.

Members of the proposed class may petition the Court to be appointed as a lead plaintiff through Mehr, Fairbanks & Peterson or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

The complaint in this action was not filed by Mehr, Fairbanks & Peterson. For more information about Mehr, Fairbanks & Peterson, or for additional information about participating in this action, please visit www.mehrfairbanks.com. This is an advertisement.

CONTACT:

Mehr, Fairbanks & Peterson Trial Lawyers, PLLC
Erik D. Peterson, Esq.
201 W. Short Street, STE 800
Lexington, KY 40502
1-800-249-3731 (toll free)
contact@austinmehr.com

SOURCE: Mehr, Fairbanks & Peterson Trial Lawyers, PLLC