Please complete this form and list your purchase and sale transaction(s) for Graña y Montero S.A.A. (NYSE: GRAM) American Depository Shares (“ADSs”) between July 24, 2013 and February 24, 2017, both dates inclusive (the "Class Period"):
You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
On February 27, 2017, the initial complaint in this securities class action was filed against Graña y Montero S.A.A. (“Graña y Montero”), and certain of Graña y Montero’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
Plaintiffs allege that during the class period, defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Graña y Montero’s business and the source of its revenues. Including that between 2005 and 2014, Graña y Montero generated millions of dollars in revenues from various construction and real estate contracts which had been procured through the payment of bribes, by a company with which one of Graña y Montero’s subsidiaries was part of a consortium. Plaintiffs allege that as a result of these false and misleading statements or omissions, Graña y Montero was able to sell $475 million worth of American Depositary Shares (“ADS”) in an initial public offering, and trade at artificially inflated prices until the truth was revealed.
Current Status of Case:
On November 19, 2019, the parties participated in a mediation session. The parties agreed to settle this action for $20,000,000. On August 18, 2020, the Court preliminarily approved the Settlement. Plaintiffs’ Motion for Final Approval of Settlement was approved on August 13, 2021. This action has concluded.
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 Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at firstname.lastname@example.org. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.