SÃO PAULO & GREELEY, Colo.--(BUSINESS WIRE)--Wesley Batista, chief executive officer of JBS, S.A., one of the world’s largest beef companies based in São Paulo, Brazil, has been found by a Netherlands court to have acted unlawfully towards Jay Link and Link International Meat Products Ltd. A Netherlands court will now decide the damages amount Wesley Batista must pay to Jay Link and Link International Meat Products for his wrongful actions.
Wesley Batista’s unlawful actions and liability arise from his personal involvement in corporate governance actions that improperly removed Jay Link from his positions at Beef Snacks International B.V. and Jerky Snack Brands, Inc., two of the companies that comprised a Dutch joint venture owned by JBS and Jay Link. In rejecting Wesley Batista’s arguments that Jay Link’s removal was necessary, the Netherlands court found that Wesley Batista knew his actions “would be damaging and prejudicial to Link” and that he “be personally blamed for this to accept that he has personally acted wrongfully.”
As previously reported, JBS and Jay Link are involved in yet another lawsuit – a lawsuit over the ownership of the same Dutch joint venture, Beef Snacks International B.V. According to the lawsuit, JBS ignored its contractual obligations to pay Jay Link for his ownership in the joint venture. The lawsuit further claims that JBS did so to secretly partner with Link Snacks, Inc., makers of Jack Link’s beef jerky, a move that effectively stole from Jay Link and furthered the divide of the Link family over Jack Link’s Beef Jerky. Depending on the result of the lawsuit against JBS, Jay Link could be reinstated as an owner in the Dutch joint venture or paid millions of dollars for his ownership interest in Beef Snacks International, B.V.