LOS ANGELES–(BUSINESS WIRE) – Schall law firm, a national shareholder rights law firm, announces that it is investigating violations of securities laws on behalf of investors in Gol Linhas Aereas Inteligentes SA ("Gol" or "the Company") (NYSE: GOL) .
The investigation focuses on whether the company has made false and / or misleading statements and / or has failed to disclose information that is relevant to investors. Gol's auditor, KPMG, expressed serious concerns about the company's accounting in its 2019 annual report. According to KPMG, the company lacks “(i) effective policies and procedures with regard to the identification and disclosure of material uncertainties in the going concern analysis and (ii) an effective review of the financial statements and the associated presentation and disclosure requirements”. Gol fired KPMG on July 23, 2020. Based on this news, Gol's shares fell 7% on the same day.
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In this case, the class is not yet certified and you will not be represented by a lawyer until certification. If you take no action, you can remain an absent class member.
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