GlobeNewswire Inc | Oct 2, 2020 01:41PM EDT

October 02, 2020

NEW YORK, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Braskem S.A. (NYSE: BAK) between May 6, 2020 and July 8, 2020, inclusive (the Class Period). The lawsuit seeks to recover investor losses under the federal securities laws.

If you wish to serve as lead plaintiff, you must move the Court before the OCTOBER 26, 2020 DEADLINE. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=braskem-s-a&id=2374 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or emailinfo@zhanginvestorlaw.comfor information on the class action.

http://zhanginvestorlaw.com/join-action-form/?slug=braskem-s-a&id=2374

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: 1) Braskems salt mining operations were unsafe and presented a significant danger to surrounding areas, including nearly two thousand properties; (2) 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; (3) accordingly, earnings generated from Braskems salt mining operations were unsustainable; (4) Braskem downplayed the true scope and severity of the Companys liability with respect to its salt mining operations; and (5) as a result, the Companys public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.99 Wall Street, Suite 232New York, New York 10005info@zhanginvestorlaw.comtel: (800) 991-3756