UPDATE 1-'Misled' shareholders in Brazil's JBS seek $270 mln damages [Reuters (UK)]
JBS S A S/ADR (JBSAY)
NASDAQ:AMEX Investor Relations:
jbss.infoinvest.com.br/?idioma=enu
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Source: Reuters
UPDATE 1-'Misled' shareholders in Brazil's JBS seek $270 mln damages - Reuters 2 Min Read (Adds JBS comment) SAO PAULO, March 18 (Reuters) - A group of shareholders in JBS SA has started arbitration proceedings against the Brazilian beef company, claiming they were misled after the company’s IPO in Brazil in 2007. In a statement on Wednesday, U.S.-based law firm DRRT, along with Brazilian co-counsel Finkelstein Advogados, said the shareholders are seeking damages of 1.4 billion reais ($271 million) against JBS. The plaintiffs allege JBS and its executives released false and/or misleading information to investors after going public. They said the company had become the world’s largest meat-packer based on “bribery and corruption.” They said they had requested arbitration on behalf of 95 former and current institutional shareholders at the arbitration chamber of Brazil’s stock exchange, B3 SA Brasil Bolsa Balcao . JBS declined to comment as arbitration proceedings are confidential. The
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News
- Major Meatpacker Sees No Relief From High Brazil Cattle Prices [Yahoo! Finance]Yahoo! Finance
- JBS SA (JBSAY) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Financial ... [Yahoo! Finance]Yahoo! Finance
- Brazil's JBS sees strong demand for meat in US [Yahoo! Finance]Yahoo! Finance
- JBS S.A. AND JBS USA FOOD COMPANY ANNOUNCE REGISTERED EXCHANGE OFFERS FOR ANY AND ALL OF THE EXISTING NOTES [Yahoo! Finance]Yahoo! Finance
- Brazil to Fight Deforestation With New Cattle-Tracking System [Yahoo! Finance]Yahoo! Finance
JBSAY
Sec Filings
- 11/14/24 - Form 424B3
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- JBSAY's page on the SEC website