NEW YORK, Aug. 28, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Gol Linhas Aereas Inteligentes S.A. resulting from allegations that Gol may have issued materially misleading business information to the investing public.
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, Gol's American depositary receipt ("ADR") price fell 7% to close at $7.25 per ADR on July 23, 2020, damaging investors.
Rosen Law Firm is preparing a securities lawsuit on behalf of Gol shareholders. If you purchased securities of Gol please visit the firm's website at http://www.rosenlegal.com/cases-register-1912.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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