The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) securities during the period from May 6, 2016 through July 8, 2020, inclusive (the "Class Period"). Investors have until October 26, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, the Company made false and misleading statements to the market. Braskem operated its salt mines in an unsafe manner resulting in significant danger to the approximately 2,000 properties in the nearby area. The Company's disregard for safe operations put it at risk for remedial liabilities to these property's owners, including permanent closure of a salt mine. The Company downplayed the seriousness of its liabilities in this regard. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Braskem, investors suffered damages.
If you acquired Braskem securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.