GlobeNewswire Inc | Sep 25, 2020 08:00AM EDT

September 25, 2020

Click here to join the case

LOS ANGELES, Sept. 25, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Gol Linhas Areas Inteligentes S.A. ("GOL" or "the Company") (NYSE: GOL) investors that acquired securities betweenMarch 14, 2019 and July 22, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the lawsuit, throughout the Class Period the defendants made misleading and/or false statements and/or failed to disclose that: (1) GOL had material weaknesses in its internal controls; (2) there was substantial doubt as to the GOLs ability to continue to operate as a going concern, as a result of negative net working capital and net capital deficiency; and (3) defendants' statements about its business, operations, and prospects, were materially misleading and false and/or lacked a reasonable basis at all relevant time, as a result. When the true details were made known to the market, the lawsuit claims that investors suffered damages.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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