BRF S.A. Securities Litigation

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Lawsuit Overview

Defendant:BRF S.A.
Date Filed:March 12th, 2018
Sector:Consumer Non-Durables
Industry:Meat/Poultry/Fish

BRF S.A. is a food processor and the world's largest poultry exporter. Its portfolio includes established brands in Brazil and abroad, such as Sadia, Perdig√£o, Qualy, Chester, Perdix and Paty. The Company provides meat (poultry and pork), foods processed from meats, pizzas, pastas and frozen vegetables.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) BRF employees paid bribes to regulators and politicians to subvert inspections in order to conceal unsanitary practices at the Company's meatpacking plants; (ii) the foregoing conduct, when it came to light, would foreseeably subject the Company and its officers to heightened regulatory enforcement and/or prosecution; and (iii) as a result of the foregoing, BRF's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Ryo Nakamura, et al. v. BRF S.A., et al.

Date Filed:March 12th, 2018
Class Period Start:April 13th, 2013
Class Period End:March 2nd, 2018
First Identified Complaint Filings
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