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BRF S.A.

Case Summary

BRF S.A. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 07/02/2018 (Ongoing date of last review)

Filing Date: March 12, 2018

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, Perdigão, 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.

On July 2, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel.

Company & Securities Information

Defendant: BRF S.A.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: Brazil

SECURITIES INFORMATION:

Ticker Symbol: BRFS
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

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

COURT: S.D. New York
DOCKET #: 18-CV-02213
JUDGE: Hon. P. Kevin Castel
DATE FILED: 03/12/2018
CLASS PERIOD START: 04/13/2013
CLASS PERIOD END: 03/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 03/12/2018
2 U.S. District Court Civil Docket 07/02/2018
3 Opinion and Order 07/02/2018

Reference Complaint

In re BRF S.A. Securities Litigation

COURT: S.D. New York
DOCKET #: 18-CV-02213
JUDGE: Hon. P. Kevin Castel
DATE FILED: 09/07/2018
CLASS PERIOD START: 04/04/2013
CLASS PERIOD END: 03/02/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violations of the Federal Securities Laws 09/07/2018
2 U.S. District Court Civil Docket 09/07/2018
 
 

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