SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

July 16, 2015 14:00 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Braskem S.A. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of August 31, 2015 - BAK

NEW YORK, NY--(Marketwired - Jul 16, 2015) -  The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired American Depositary Receipts of Braskem S.A. ("Braskem") (NYSE: BAK) between June 1, 2010 and March 11, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Braskem ADRs between June 1, 2010 and March 11, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/braskem-bak

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

On March 11, 2015, a report from the São Paulo newspaper Folha de S. Paolo implicated Braskem in the corruption scandal surrounding Petroleo Brasileiro S.A. - Petrobras. The article alleges that Braskem paid at least $5 million annually to Petrobras between 2006 and 2012 to acquire crude derivative contracts at cheaper prices, according to testimony made by former Petrobras executive Paulo Roberto Costa and self-confessed money launderer Alberto Youssef.

If you suffered a loss in Braskem you have until August 31, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com