If you purchased or otherwise acquired BRF shares and would like more information regarding the investigation, we encourage you to click here, or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
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 uncovered 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 arrested three BRF employees.
When this information was announced to shareholders, the value of BRF stock dropped, causing harm to investors.
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