NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until May 11, 2018 to file lead plaintiff applications in a securities class action lawsuit against BRF S.A. (NYSE: BRFS). Investor losses must relate to purchases of the Company’s securities between April 4, 2013 and March 2, 2018. This action is pending in the United States District Court for the Southern District of New York.
BRF S.A. investors should visit https://www.claimsfiler.com/cases/view-brf-sa-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
On March 5, 2018, news outlets reported that Brazilian police had arrested BRF’s former Chief Executive Officer on charges that he as well as other executives knew that BRF fraudulently avoided food safety checks. On this news, BRF’s share price fell $1.83, or more than 19% to close at $7.59 per share on March 5, 2018, thereby injuring investors.
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