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On August 15, 2016, Kessler Topaz Meltzer & Check, LLP was appointed Lead Counsel in a securities class action against Banco Bradesco S.A. (“Banco Bradesco”) (NYSE: BBD). 

On September 29, 2017, the Court partially denied defendants’ motion to dismiss, and the case is proceeding on behalf of investors who purchased Banco Bradesco securities between August 8, 2014 and July 27, 2016.

Banco Bradesco is Brazil’s second largest private bank.  The case arises from a more than decade-long bribery and corruption scheme between Banco Bradesco and the Brazilian tax officials, including members of CARF (the appellate body responsible for adjudicating certain tax disputes in Brazil). 

The individuals involved in Bradesco’s misconduct, including certain of Bradesco’s most senior executives, are facing criminal charges in Brazil.

If you purchased shares of Banco Bradesco (NYSE: BBD) between August 8, 2014 and July 27, 2016 and would like to learn more about this litigation, please contact us at 888-299-7706 or info@ktmc.com, or fill out our online form.