LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is continuing its investigation of potential claims on behalf of investors of BRF S.A. (“BRF” or the “Company”) (NYSE: BRFS) concerning the Company and its officers’ possible violations of federal securities laws.
GPM represents investors in securities class actions, seeking to recoup damages caused by corporate fraud and wrongdoing.
On March 17, 2017, news sources reported that Brazilian federal police raided BRF offices and other meatpackers after a two-year investigation of alleged bribery regarding the inspections of their facilities. The investigation, known as "Operation Weak Flesh," exposed roughly 40 cases of meatpackers who bribed inspectors and politicians to overlook unsanitary procedures such as processing rotten meat and running plants with traces of salmonella. Brazilian police arrested three BRF employees, and 20 public officials. On this news, BRF stock has fallen as much as 8% during intraday trading on March 17, 2017.
If you purchased BRF securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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