NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of JBS S.A. (OTCMKTS: JBSAY) resulting from allegations that JBS may have issued materially misleading business information to the investing public.
On March 17, 2017, news outlets reported that Brazilian federal police raided the offices of JBS and dozens of other meatpackers following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants. The probe, known as “Operation Weak Flesh,” had uncovered about 40 cases of meatpackers who had bribed inspectors and politicians to overlook unsanitary practices such as processing rotten meat and running plants with traces of salmonella. Police arrested two JBS employees, as well as 20 public officials. JBS said in a securities filing that three of its plants and one of its employees were targeted in the probe. On this news, shares of JBS fell sharply during intraday trading on March 17, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by JBS investors. If you purchased shares of JBS please visit the firm’s website at http://www.rosenlegal.com/cases-1091.html for more information. You may also contact Phillip Kim or Kevin Chan 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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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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