Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of BRF S.A. (NYSE: BRFS) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of BRF S.A. (NYSE: BRFS) concerning whether a series of statements by BRF S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 5, 2018, a report by Reuters revealed that Brazilian federal police arrested BRF’s former chief executive officer on charges that he and other executives were aware that BRF committed fraud by trying to avoid food safety checks.
Following this news, NYSE: BRFS dropped $1.83 or over 19% to close at $7.59 per share on March 5, 2018.
Based in Itajai, Brazil, and founded in 1900 BRF S.A. focuses on raising, producing, and slaughtering poultry and pork in Brazil, Latin America, Europe, the Middle East, Africa, and Asia.
If you purchased shares of BRF S.A. (NYSE: BRFS) on or before March 5, 2018, you should contact Thieler Law Corp at email@example.com or call +1 (619) 377 - 4324.
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