We are investigating Braskem S.A. (BAK) (“Braskem” or the “Company”) for potential violations of the federal securities laws. On July 9, 2020, Braskem disclosed that authorities in northeastern Brazil had advised Braskem that residents of 1,918 homes needed to be evacuated due to a geological event that Braskem had caused via its mining operations. Braskem estimated that the cost of moving the residents would be 850 million reais, with another 750 million reais for additional measures relating to the permanent closure of Braskem’s salt extraction activities in the region. On this news, Braskem’s American Depositary Receipt price fell sharply during intraday trading on July 9, 2020, damaging investors.