LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against BRF S.A. (“BRF” or the “Company”) (NYSE: BRFS) concerning possible violations of federal securities laws.
Brazilian federal police raided the offices of BRF and other meatpackers after a two-year investigation of alleged bribery of regulators to subvert inspections of their plants. The investigation, regarded as “Operation Weak Flesh,” had discovered about 40 cases of meatpackers who had bribed inspectors and politicians to ignore unsanitary practices such as processing rotten meat and running plants with traces of salmonella. Police apprehended three BRF employees.
When this information was revealed to shareholders, the value of BRF stock dropped, causing harm to investors.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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