The Law Offices of Frank R. Cruz Continues Investigation of Gol Linhas Aereas Inteligentes S.A. (GOL) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation on behalf of Gol Linhas Aereas Inteligentes S.A. (“Gol” or the “Company”) (NYSE: GOL) investors concerning the Company and its officers’ possible violations of federal securities laws.
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In the fiscal 2019 annual report, Gol’s auditor, KPMG raised significant concerns about the Company’s accounting, including that Gol lacked “(i) effective policies and procedures related to the identification and disclosure of material uncertainties in the going concern analysis and (ii) effective review of financial statement information, and related presentation and disclosure requirements.”
Then, on July 23, 2020, Gol announced the termination of KPMG as its external auditor.
On this news, the Company’s share price fell $0.55, or 7%, to close at $7.25 per share on July 23, 2020, thereby injuring investors.
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If you purchased Gol securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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