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Pawar Law Group Announces Investigation of Securities Claims Against JBS S.A. - JBSAY

NEW YORK, NY / ACCESSWIRE / March 24, 2017 / The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of JBS S.A. (JBSAY) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On March 17, 2017, news outlets reported that Brazilian federal police raided the offices of JBS, and dozens of other meatpackers, following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants. The probe, known as "Operation Weak Flesh," had uncovered about 40 cases of meatpackers who had bribed inspectors and politicians to overlook unsanitary practices, such as processing rotten meat and running plants with traces of salmonella. Police arrested two JBS employees, as well as 20 public officials. JBS said in a securities filing that three of its plants and one of its employees were targeted in the probe. On this news, shares of JBS fell sharply during intraday trading on March 17, 2017.

Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. If you own JBS shares and wish to learn how to protect your investment and recover your losses in JBS stock, please visit http://pawarlawgroup.com/cases/jbs-s-a/ or contact Vik Pawar at 212-571-0805.

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group