Press release
Investigation announced for Investors in shares of JBS S.A. (OTC: JBSAY) over possible Violations of Securities Laws
An investigation for investors in JBS S.A. (OTC: JBSAY) shares over potential securities laws violations by JBS S.A. was announced
Investors who purchased shares of JBS S.A. (OTC: JBSAY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by JBS S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Brazil based JBS S.A., together with its subsidiaries, engages in the processing of animal protein worldwide.
On February 28, 2024, Reuters published an article entitled "New York sues meatpacking giant JBS over climate claims." The article stated, in pertinent part, that "JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales. Attorney General Letitia James said JBS USA Food Co, the Brazilian company's American-based unit, has "no viable plan" to reach net zero greenhouse gas emissions by 2040, making its stated commitment to achieving that goal false and misleading."
Shares of JBS S.A. (OTC: JBSAY) declined from $10.35 per share on January 26, 2024, to $8.35 per share on April 18, 2024.
Those who purchased shares of JBS S.A. (OTC: JBSAY) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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