Investigation announced for Long-Term Investors in shares of Braskem S.A. (NYSE: BAK)

An investigation on behalf of current long-term investors in shares of Braskem S.A. (NYSE: BAK) concerning potential breaches of fiduciary duties by certain directors and officers of Braskem S.A. was announced.

Investors who are current long term investors in Braskem S.A. (NYSE: BAK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: BAK stocks follows a lawsuit filed against Braskem S.A. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BAK stocks, concerns whether certain Braskem directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Braskem's salt mining operations were unsafe and presented a significant danger to surrounding areas, including nearly two thousand properties, that the foregoing foreseeably increased the risk that Braskem would be subjected to remedial liabilities, including, but not limited to, increased governmental and/or regulatory oversight or enforcement, significant monetary and reputational damage, and/or the permanent closure of one or more of its salt mining operations, that accordingly, earnings generated from Braskem's salt mining operations were unsustainable, that Braskem downplayed the true scope and severity of the Company's liability with respect to its salt mining operations, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Braskem S.A. (NYSE: BAK) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.