NEW YORK, June 02, 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 May 19, 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-1130.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; (2) JBS Chairman
Joesley Batista was providing monthly bribery payments to a former Brazilian government official and a lobbyist; (3) there were
irregularities with the loans JBS received from Brazilian state-owned development bank BNDES; (4) JBS and other entities controlled
by JBS Chairman Joesley Batista and JBS CEO Wesley Batista made suspicious trades that exhibit signs of possible insider trading
prior to the revelation of a plea deal by JBS’ top executives; and (5) as a result, defendants’ statements about JBS’ business,
operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. When the true
details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court
no later than July 21, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1130.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. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder
Services for the number of securities class action settlements annually obtained for investors.
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
