EQUITY ALERT: Rosen Law Firm Announces Filing of Securities

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
39
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against JBS S.A. - JBSAY

NEW YORK, April 06, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the American Depositary Receipts of JBS S.A. (OTCQX:JBSAY) from June 2, 2015 through March 17, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for JBS investors under the federal securities laws.

To join the JBS class action, go to http://www.rosenlegal.com/cases-1091.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) JBS executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices such as processing rotten meat and running plants with traces of salmonella; and (2) as a result, defendants’ statements about JBS’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.

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 and overlook unsanitary practices. Police arrested two JBS employees, as well as 20 public officials. JBS stated 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 $0.71 per share or over 9.2% to close at $6.96 per share on March 17, 2017, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 22, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1091.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com .

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm .

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com kchan@rosenlegal.com www.rosenlegal.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

PROYA Skincare Expands to Ulta: A Scientific Ambition

Updated Category News Views 89

A New Chapter for PROYA Bet you didn't see this one coming: a leading Chinese beauty brand, PROYA, is throwing its hat into the North American skincare ring, rolling out its science-backed skincare line nationwide at Ulta Beauty. The same brand that's been big news across Asia is now setting its sights on the U.S. with a stunning array of products that don't just promise...

Continue Reading
Genesys Works Nets Grant to Boost Youth Career Access

Updated Category News Views 106

A Windfall for Career Readiness Here’s a nugget of hope wrapped in a crisp announcement: Genesys Works, the not-for-profit that’s been busy nuancing the work-play balance for high school kids, is rolling with a $4 million boost from Ballmer Group. This move isn’t just pennies from heaven; it's a strategic play designed to gird young folks for the evolving demands of...

Continue Reading
Navigating Idaho's Massage Therapy School Pathways

Updated Category News Views 98

Cracking the Idaho Massage School Code Idaho folks diving into massage therapy education need a playbook—timing, training, and all the bumps along the way. This journey's not just book reading and back rubs; it’s a structured affair with rigid hours and some bureaucratic hurdling. Thank goodness for Kylee Evans, who’s spilling the beans on what goes down in Idaho...

Continue Reading
Lululemon Lawsuit Looms: Investors Face Key Decisions

Updated Category News Views 22

Seems Lululemon just tripped on its yoga mat. When a company like Lululemon Athletica, Inc (NASDAQ:LULU) sees a 17.38% slide in stock, every savvy investor knows there's more beneath the surface. Squarely in the crosshairs of a securities fraud class action, the brand synonymous with upscale athleisure faces harsh scrutiny. And the deadline's ticking—even the suits know...

Continue Reading
VinFast's Radical Mileage Warranty: Game-Changer?

Updated Category News Views 88

Revving Up: VinFast's Bold Battery Bet Some days it feels like every automaker is just looking for ways to tether drivers to mileage limitations, but VinFast is ripping up the rulebook. Their promise of a 10-year, unlimited-mileage battery warranty has got tongues wagging, and for good reason. Under typical policies, drivers with long commutes or adventurous spirits face...

Continue Reading
African Scholars Uncover Cangxi's Cultural Strategies

Updated Category News Views 28

Discovering Cangxi's Development Playbook Picture this: a band of African scholars deep-diving into China's rural heartland, Cangxi, in Sichuan province, trying to unlock the secrets behind its impressive cultural and industrial achievements. On November 4, a delegation from the Horn of Africa arrived as part of a training workshop organized by China's Ministry of Foreign...

Continue Reading
CytoSorbents Hits Financial Milestone in Q3 2026

Updated Category News Views 46

CytoSorbents' Financial Turnaround Imagine the smell of fresh opportunity wafting through CytoSorbents’ (NASDAQ:CTSO) corridors this quarter. The company just nudged into positive territory with its operating cash flow, which, let’s be honest, is like finding a nugget of gold amid last year’s rubble of losses. With $43,000 of positive operating cash flow in a world...

Continue Reading
HelloNation Elevates Contractors' Expertise at PHCC NC

Updated Category News Views 27

Times are changing, and the digital landscape keeps morphing—who can keep up? That's exactly what's on the agenda as McKenzie Finkhousen and Alton Baird lead HelloNation into the 2026 PHCC of NC Annual Meeting. This ain't just another LinkedIn meet-up—this is a proper gathering of minds in plumbing, heating, and cooling biz right at Harrah's Cherokee Casino Resort....

Continue Reading
DIR Launches WineWalrus: A New Era for Wine Lovers

Updated Category News Views 53

The Wine Industry's Digital Splash Ah, the wonderful world of wine—a place where culture, taste, and that sweet bouquet of a well-aged vintage collide. It’s no secret that the wine industry is a cash cow, raking in more than $323 billion annually in the U.S. alone. Digital Information Resources (DIR), a savvy player in tech and media circles, decided this bubbling...

Continue Reading
Tax Strategies for Small Businesses Before Year-End

Updated Category News Views 106

Understanding the Importance of Year-Round Tax Planning Every small business owner dreads the tax season—like a thunderstorm on a picnic day. But here's a nugget from Paul Kersten, an Accounting and Tax whiz in Shawano, Wisconsin: don't wait until April to sort your taxes. By then, it's all receipts and regrets. Instead, consider tax planning as a year-long vigil. Why?...

Continue Reading

Top 5 Most Recently Viewed Articles

Pagaya Technologies Secures $300 Million Auto Loan Funding

Updated Category News Views 175

Pagaya Technologies Strengthens Financial Position with Auto ABS Pagaya Technologies LTD. (NASDAQ: PGY), a leading global technology firm, has achieved an important milestone in its journey by successfully closing a substantial $300 million auto asset-backed securitization (ABS) transaction. This notable achievement, labeled RPM 2025-1, reflects Pagaya's innovative...

Continue Reading
Celebrating Excellence: Hilgers Graben Attorneys Shine in Legal Community

Updated Category News Views 296

Acknowledging Legal Excellence in Dallas Hilgers Graben’s Dallas office continues to make significant strides in the legal community, gaining noteworthy recognition. The managing partner, Grant Schmidt, along with senior counsel Andrew Bean, have both secured a spot on D Magazine’s distinguished list of the 'Best Lawyers Under 40.' This annual accolade celebrates...

Continue Reading
Tifiany Walker of Walker Healthforce: EY Entrepreneur Finalist 2025

Updated Category News Views 327

Earning Recognition in the Entrepreneurial Landscape Walker Healthforce, led by the inspiring Tifiany Walker, has made a significant mark in the entrepreneurial scene, recently being honored as a finalist for the Entrepreneur Of The Year 2025 Award. This initiative, celebrating its 40th year, has been the pinnacle of acknowledging business leaders who are not just...

Continue Reading
MerryLife Biomedical's TML-6 Shows Promise in Alzheimer's Trials

Updated Category News Views 142

Positive Phase 1 Results for TML-6 MerryLife Biomedical Inc., an innovative clinical-stage biotechnology company focused on neurodegenerative diseases, recently shared encouraging news about their investigational oral therapy, TML-6, targeting Alzheimer's disease. The recent Phase 1 trial indicated that TML-6 was well-tolerated and exhibited a favorable safety profile,...

Continue Reading
Clariant's Strong Q4 Results Signal Positive 2025 Outlook

Updated Category News Views 305

Impressive Quarterly Performance Clariant recently reported exceptional financial performance for the fourth quarter of 2024, showcasing growth across all its business segments. The company achieved sales of CHF 1.091 billion, reflecting a 5% increase in local currency compared to the previous year. This rise in sales can be attributed to a significant volume increase,...

Continue Reading