Class Action Cases

BRF S.A.

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According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) BRF employees paid bribes to regulators and politicians to subvert inspections in order to conceal unsanitary practices at the Company’s meatpacking plants; (2) the foregoing conduct, when it came to light, would foreseeably subject BRF and its officers to heightened regulatory enforcement and/or prosecution; and (3) as a result, BRF’s public statements were materially false and misleading at all relevant times. When the truth was revealed to the investing public, shares of BRF fell $1.83 or over 19% to close at $7.59 per share on March 5, 2018, causing shareholders harm.

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