Braskem S.A. (BAK)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Braskem S.A. (“Braskem” or “the Company”) (NYSE: BAK). Investors who purchased Braskem securities are encouraged to obtain additional information and assist the investigation.   

The investigation concerns whether Braskem has violated federal securities laws. 

Investigation Details: 

On November 30, 2023, following a request by prosecutors in Brazilian court, Braskem disclosed that the Company would be required to pay 1 billion reais ($203 million) to repair damages at a rock-salt mine owned by the Company in the city of Maceió. On this news, Braskem’s American depositary receipt (“ADR”) price fell $0.58 per ADR, or 6.94%, to close at $7.78 per ADR on November 30, 2023. 

What’s Next? 

If you are aware of any facts relating to this investigation or purchased Braskem securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.  

There is No Cost to You 

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful. 

Why Bronstein, Gewirtz & Grossman: 

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.  Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]